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The price index for Old Masters reached its peak of the decade in October 2008. Thus, like a number of other art segments, it benefited from the auction room euphoria that developed between 2004 and 2008 and then suffered from the meltdown as the economic crisis chased confidence out of the market. However, since the end of 2009 the major works withheld from auctions when the market was weak have started to return.
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[07/12/2010]
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After two days of prestigious Old Master’s sales in London, Christie’s posted a substantially higher revenue total than its rival Sotheby’s with $99.4m (vs. $20.7m) and four new historic records, including one for Raphaël that outclassed the record set by the Chinese artist Wu Bin.
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[12/15/2009]
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Old Masters overtaking Contemporary Art sales? That’s how it looks after Sotheby’s and Christie’s London sales of combined Old Masters & 19th century art on 7 & 8 July. The total revenue from the two houses’ Old Masters works amounted to nearly £39m, i.e. a million more than they both earned from Contemporary Art sales the previous month.
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[08/03/2009]
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The market is feverish, sellers are nervous, auctioneers are worried and yet…the purchase intentions recorded in our Art Market Confidence Index show a certain optimism ahead of the Old Masters sales at Christie’s and Sotheby’s.
At mid-January 2009, 70% of market players (all segments) declared themselves "ready to buy" in the Artprice AMCI.
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[01/19/2009]
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Drawing was formerly considered a secondary skill, of
use mainly in preliminary studies for painting, sculpture
or architecture. But enthusiasts were not long in seeing
that such early sketches had their own expressive qualities
and their own financial value. Among the main beneficiaries
of recent price rises have been drawings by the Northern
schools: up 67% since June 2001.
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[07/04/2002]
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