YE$, Tim Noble and Sue Webster

[photo: YE$, Tim Noble and Sue Webster]

“Contemporary art auction houses can barely keep up with each other as they continue to set and then break price records for contemporary artists … “

Streetscape makes some interesting observations about the contemporary art market:

Even as worldwide economic markets face the reality of a potential downturn, one market has continued to flourish at a mind-boggling pace: the contemporary art market. In New York and London, the three major contemporary art auction houses can barely keep up with each other as they continue to set and then break price records for contemporary artists — approximately one billion dollars of contemporary art was exchanged at the most recent New York auctions alone.

- Streetscape, Accessibility: Link.

Via Art Crimes .