Archive for January, 2010

Beauty, Beast Earn $6.8 Million as New Money Buys Old Masters

Saturday, January 30th, 2010

By Lindsay Pollock Jan. 29 (Bloomberg) -- Hendrick Goltzius’ 1612 depiction of an erotic encounter between a voluptuous sleeping damsel and a satyr, once owned by Nazi Hermann Goering, fetched $6.8 million yesterday atSotheby’s in New York from an unidentified European collector who was bidding by phone. The 6-foot-wide painting, “Jupiter and Antiope,” was ...

Koons, Hirst Prices Drop 50%; May Take Next Decade to Recover

Saturday, January 30th, 2010

By Scott Reyburn  Dec. 30 (Bloomberg) -- Damien Hirst and Jeff Koons, the stars of the art boom, were deposed as auction bestsellers in 2009 as prices for some of their works fell 50 percent. It may take much of the next decade before their works return to record prices, dealers ...