Art Fair Buying Spurred by Fiscal Cliff
MoMA Prepares for Fiscal Cliff with Kim Kardashian Look-Alike Contest at Mondrian Hotel
The Art Newspaper (Art Basel Edition) reports that the fiscal cliff, and attendant economic uncertainty if anything, has been good for sales of high-end art at the Art Basel Miami Beach art fair this week. Melanie Gerlis, Gareth Harris and Riah Pryor interviewed collectors and dealers who felt that the looming tax uncertainty for the wealthiest Americans was driving a perceived flight towards art as a solid investment. saying that collectors were “using art as a medium-term store of value while other potential investments are proving volatile.”
also by Bill Davenport
- Dance Into The New Year with Artpix - January 8th, 2013
- RIPNEKST: Ex-Houston Graffiti Writer NEKST Has Died - December 29th, 2012
- Layer-Cake City: New Roman Excavation Finished, Subway, Under Art Center, Under Traffic Circle - December 27th, 2012
- Whitney Announces Curators for 2014 Biennial - December 1st, 2012
- Saltz as Low-Budget Collector: If it Quacks like a Richter . . . - November 28th, 2012
