Art News Canvas: A Blog By Saatchi Art

<p>A cursory look again on the 12 months this previous October showed how far the needle had moved. The London sales proved disappointing, which at this point might hardly have been a surprise, and as a spate of galleries closed in downtown Manhattan, hopeful upstarts and longtime energy sellers began to maneuver in. On a optimistic notice, the incomparable Julie Mehretu set the public sale report for an African-born artist when one of her footage bought at Sotheby’s Hong Kong for $9.32 million . At the beginning of March, gross sales tax hikes within the European Union brought on a stir amongst artists and dealers. By April, recession—a supposed consequence of the top of low rates of interest and low cost money—was being bandied about in every monetary sector.</p> <p>But now the galleries say they saved the works from destruction. A day of reckoning for the “Jägers Collection” Forgery Ring, …</p>