House Auctions
News & Events
Online Gallery
Irish Directory

Recent Results
People & Places



Yahoo! Babel Fish Translate into 12 languages

Next House Auction
Watch this space
View items already in stock

Are you looking for
Antiques in Ireland?
Click here to see
our comprehensive

Send us an email
Join our e-mail list

News & Events

General listing of events and news from the world of Antiques and Fine Art

To have your event listed on our site contact us with the details



Withdrawn Canadian views go home
LAPADA set up fraud alert as they help trap conman
Pinacothèque de Paris opens this month
Supreme Court to decide whether Austria can be sued in the US
Appeal Court ruling protects auctioneer in good faith claim
Anti-looting Bill will bring in due diligence by the back door
Austria fights ruling that it can be sued for Nazi-looted art
The Top Ten Collectors
USA leads the way as list of top 200 collectors shows
Landmark ruling in antiquities case

<< Previous Next >>

Speculation in New York
At the end of the prestigious May sales, the average price of works negotiated in New York auction rooms was up by 56% compared to that registered at the peak of the speculative bubble in 1990.

Over recent months, the rate of inflation observed on the American art market since 1999 has considerably accelerated and since April 2005 average sales prices in New York have risen by 49.6%!
In this context, we are seeing a lot of works that were bought only several years previously being put back on the market at prices much higher than their previous prices. Thus, at the moment, works of art are proving to be a particularly auspicious investment for those who built up their portfolios in the 1990s. Over the last 10 years, the overall average value of the Fine Art works has risen 144%.
In order to assess the New York price index by examining repeated sales, Artprice has identified works of art which have been involved in at least two transactions in New York. By measuring the variation in prices we can construct an accurate price index, undistorted by the different price evolutions around the world.
Here are a few of the lucrative ‘repeated sales’ identified:

Noland (98) 30,000 (06) 575,000
Albers (94) 12,300 (06) 180,000
Rosenquist (95) 30,000 (06) 330,000
Nauman (92) 22,500 (06) 190,000
Stella (96) 180,000 (06) 1,500,000
Thiebaud (97) 40,000 (06) 300,000
Mitchell (00) 250,000 (06) 1,800,000
Fontana (94) 10,430 (06) 75,000
Soutine (89) 375,000 (06) 2,500,000
Giacometti (93) 170,000 (06) 1,150,000
Koons (99) 370,000 (06) 2,400,000
Oiltski (99) 20,000 (06) 120,000