The Art Market Recovery-2009
The art market ended its spring/summer season on a more optimistic note than many had predicted. Sales in Hong Kong, New York and London were clearly showing signs of a market levelling out. In India too recent sales of art in Art market shows a tremendous upward movement.
Although the volume and prices of objects in the contemporary design market have fallen, critics and gallerists have big expectations for the future. The signs of market recovery have already started to appear, and for the sharp-sighted who appreciate significant contemporary design works, now may be a good time to get their hands on important pieces just before market prices rise again.