Amidst US economic decline, a look at the changing momentum in collecting in the high-end international art market.

The Winter Old Master sales in London are steadily approaching with a fair amount of anticipation in light of the art market’s recent struggles. Following the strong results of this past July, will the Old Master market be less affected by recent economic downturn? Click MORE for a basic rundown of some the notable upcoming [...]

Unearthed Masterpieces
Old Masters treasures from sunken Russian ship to be salvaged [Russia IC] [Dutch News.nl]
Lets hope that the paintings from this sunken, 237 year-old ship were WELL packaged
Trove of Raeburn drawings discovered in England [ART INFO]
Lost Caravaggio Goes on Display in Scotland [ART INFO]
Click MORE for a remembrance of a distinguished dealer, and the latest [...]

Restoration, attribution, and temporary replacement happen are respective occurrences for different museum masterpieces:
Raphael’s Masterpiece “Madonna of the Goldfinch” Presented Fully Restored After Ten Years [Art Daily]
A before and after look at the recently restored Raphael

Veronese at Austin Museum Belongs to Long-Lost Altarpiece [ART INFO]

Lucian Freud portrait hangs beside Old Masters after collector fills gallery gap [...]

The more things change, the more they stay the same..Amidst all the fervor regarding the art market’s highs and lows-Old Masters, as they did during the last serious decline of the market in the early 90’s, are poised to emerge as a source of stability. The strong performance of Bonham’s premier OMP auction late last [...]

 
Proceeds from the sales of this Degas pastel and "Suprematist Composition" by Kasimir Malevich are two surefire bets that Sotheby’s will be counting on to keep them afloat this fall.
As an economic recession looms larger, the future prosperity of the art market remains very much of a concern. OMNP continues its earlier coverage with further [...]

Lot 2: Veneto School “Annunciation Scene”: A meek estimate around $3,000-4,000 USD is being put on this captivating piece from the 15th century
OMNP previews today’s auction of lower priced Old Master paintings at Bonham’s Knightsbridge in London. It will be interesting to see how collecting interest plays out here-this sale follows the strong results of [...]

While the Hirst auction ended up being a defiant cash cow for Sotheby’s, channeling the artist’s aesthetics  through works like the Warhol print above couldn’t save the auction house from disappointing results from last week’s Contemporary sales.
Is a bleak one (at least for the short term).
As the maelstrom of turmoil affecting the international economy continues [...]

Market issues, attractive purchases, and the opening of what looks to be an exquisite exhibition of Durer prints highlight OMNP’s weekend reading:
Buyer Beware, [Noah Charney, ART INFO]
This article was of particular interest to OMNP for its breakdown of the different types of forgery that inflict the art market. The concept of alteration forgery, for example [...]

This Sunday kicks off a busy week for OMNP. Christie’s and Sotheby’s OM drawings and painting sales will be taking place in London, with OMNP providing previews on select items (and possible bargains?) from the sales, as well as the results. A review of the Peter Blum exhibition of Goya’s Disasters of War series should [...]