The Art Market Crash and the Global Economy

The Lehman Brothers corporate sign enters Christie's, London for a September 29, 2010 sale. Image via the NY Times.

DAY 18 Today is Friday, June 24,^th and we close with the art market crash of 2008. Examine the posted readings, especially

the issue of ArtForum International dedicated to discussing the art market crash. Choose one essay from this publication to

discuss with regards to its assessment of the crash and/or projection for the future.

Readings

AO Auction Results: Christie's sale of Artwork and Ephemera from Lehman Brothers fetches a further $2.6 million for the collapsed bank's creditors in London, September 29th, 2010

http://www.zoodisk.com/ao-auction-results-christie-rsquo-s-sale-of-artwork-and-ephemera-from-lehman-brothers-fetches-a/174180

Art and Its Markets, ArtForum International, April 2008

http://www.e-flux.com/shows/view/5288

Accounting for Taste: Olav Velthuis on the Economics of Art, ArtForum International, April 2008

http://find.galegroup.com/gtx/retrieve.do?contentSet=IAC-Documents&resultListType=RESULT_LIST&qrySerId=Locale%28en%2CUS%2C%29%3AFQE%3D%28JN%2CNone%2C24%29%22Artforum+International%22%3AAnd%3ALQE%3D%28DA%2CNone%2C8%2920080401%24&sgHitCountType=None&inPS=true&sort=DateDescend&searchType=PublicationSearchForm&tabID=T002&prodId=AONE&searchId=R1&currentPosition=12&userGroupName=nysl_sc_cornl&docId=A178085088&docType=IAC

Individual Contributions

 
 
Consider & comment:
What did you think of today's readings and wiki features? What issues if any did they raise for you? How did the audio visual material provided support your understanding of this topic? Comment on your classmates' posts. Leave your comments in the box below.