Art Fair Buying Spurred by Fiscal Cliff
MoMA Prepares for Fiscal Cliff with Kim Kardashian Look-Alike Contest at Mondrian Hotel
The Art Newspaper (Art Basel Edition) reports that the fiscal cliff, and attendant economic uncertainty if anything, has been good for sales of high-end art at the Art Basel Miami Beach art fair this week. Melanie Gerlis, Gareth Harris and Riah Pryor interviewed collectors and dealers who felt that the looming tax uncertainty for the wealthiest Americans was driving a perceived flight towards art as a solid investment. saying that collectors were “using art as a medium-term store of value while other potential investments are proving volatile.”
also by Bill Davenport
- From Curator/Scholar to L.A. Gallerist: Paul Schimmel to Join Hauser & Wirth - May 24th, 2013
- YouTube Introduces PayTube: Subscription Channels Get Test Run - May 10th, 2013
- The Los Ageles County Museum of Art Bids to Take Over Los Angeles' Imploding Museum of Contemprary Art - March 8th, 2013
- Dance Into The New Year with Artpix - January 8th, 2013
- RIPNEKST: Ex-Houston Graffiti Writer NEKST Has Died - December 29th, 2012
