The Art Market in reccession ?
Monday, November 12, 2007 8:56:48 AM
**The Current Art market is in a recession. In New York last week Nov 10 2007, Sotheby's was particularly rattled by the lack luster evening: its share price plunged the next day by 38 percent. The company on Friday reported that, mainly due to a 14.6 million dollar loss on guarantees for this week's auction, it recorded a third quarter loss of 20.9 million dollars, third-quarter loss shrank to $20.9 million, or 33 cents a share, from a net loss of $30.7 million. Christies took some Losses in their Art auctions as well.
**Don't miss out on chance to invest in one of the fastest growing sectors of Modern Contemporary Art. Now is the time to update your Art portfolios. The Black and White Photo Art, they are on the Walls. On the streets, the Bulls are on the run, only the wise will take heed.













