The Back Room: Recession Ready
This week: how to know when the art market is headed for a recession, early sales from Art Basel Miami Beach, a speculative bubble bursts, and much more.
Source: artnet.com
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At Art Basel Miami Beach, a Tale of Two Markets: Lean at the Top, But Robust on the Lower End
Galleries opted for smaller-scale and more modestly priced work for the 2022 edition of Art Basel Miami Beach.
Source: artnet.com
Bill Gross, His Neighbors and a Battle Over Chihuly
Bill Gross's battle over a backyard Dale Chihuly is just the latest cautionary tale from the frontlines of the blue-chip battles royal throughout history.
Source: townandcountrymag.com
Crypto-Rich Collectors Are Putting Up Their NFTs as Collateral to Get Cold, Hard Cash. But Is It Actually a Good Deal?
Banks have charged clients as little as one percent for art loans. An NFT-backed loan can come with a rate of more than 100 percent.
Source: artnet.com
Blockbuster Art Week Sets Record With More Than $2.6 Billion in Sales
Sales at Christie’s, Sotheby’s and Philips totaled $2.65 billion over the course of the two weeks, according to Pi-eX.
Source: nbcmiami.com