Sunday, January 31, 2010
Saturday, January 30, 2010
Sunday, January 24, 2010
Saturday, January 16, 2010
Thursday, January 14, 2010
Wednesday, January 13, 2010
By Le-Min Lim Jan. 12 (Bloomberg) -- Mainland Chinese are buying more art at Christie’s International’s auctions in New York and Europe as their purchases “rose significantly” last year using wealth produced by a growing economy, Christie’s said. Mainland China residents bought the most-expensive items at Christie’s New York jewelry auction in October and more than doubled their purchases of Chinese art last year at sales in London and New York, said Andrew Foster, president of Christie’s Asia, in a statement. Nine of the 10 priciest items at the second part of a Paris auction of Yves Saint Laurent’s effects in November were bought by Asians, Christie’s said, without saying how many were Chinese. The past two years have seen the Chinese outbid Americans and Europeans for top-end Asian antiques and gems at art sales in Hong Kong, the world’s third-largest auction market after New York and London. Now, the Chinese are expanding their collection beyond traditional art to include watches, wine, jewels and some Western art, said Foster. “The trend is crystal clear,” said Foster, who’s also Christie’s chief operating officer. Asia’s “wealth is migrating to art and lifestyle purchases, and not only in Hong Kong.” Hong Kong is leading the global recovery in the art and auction markets, said Foster. Like rival Sotheby’s, the company holds biannual sales in the city. In 2009, Christie’s Hong Kong sales tallied HK$2.7 billion ($348 million), with buyers paying 27 percent more per lot at the second auction than the first. Foster said “passion” is returning to the Hong Kong art market. “The head evaluates, but the heart rules the art market.”
Monday, January 11, 2010
Do you know...
the most important requirement of any appraiser is USPAP compliance?
ASA Granted Expanded USPAP Options
In a letter dated January 5, 2010, The Appraisal Foundation officially granted ASA's request to allow BV, GJ, MTS, and PP appraisers subject to USPAP the following options for meeting USPAP continuing education requirements:
- Successful completion of the 15-Hour National USPAP Course and pass the associated 15-Hour National USPAP Course Examination every five calendar years, or
- Successful completion of the 7-Hour National USPAP Update Course every two calendar years, or
- Successful completion of a 7-Hour National USPAP Update Course specific to Business Valuation, Gems and Jewelry, Machine and Technical Specialties, or Personal Property every two calendar years
Sunday, January 10, 2010
Museums across the country are selling off portions of their collections to generate cash for operating expenses. It's a passionate discussion; no one wants to HAVE to do this. Sadly, reality interferes with artistic missions. If you can't experience it, is there still art?
Many museums and historical institutions SHOULD redefine their mission statements, re-allocate their collections and re-focus on their core constituents.
It's important to keep the lights on, doors open and remain relevant to your community! Creativity is key!