The masterpieces housed at the Detroit Institute of the Arts have been valued in the hundreds of millions of dollars. While the collection is a major source of civic pride, it could soon be tapped as an essential source of income to help pay Detroit’s debts. Jeffrey Brown talks to Mark Stryker of the Detroit Free Press. Continue reading
One of the most iconic works of art in the world, a version of Edvard Munch’s “The Scream,” sold at a record price of $119.9 million in a much-hyped New York auction Wednesday night. Jeffrey Brown and The Wall Street Journal’s Kelly Crow discuss what a 12-minute-long bidding war suggests about the state of the art market. Continue reading
This week, the art market continued to show strong signs of recovery as leading auction houses Sotheby’s and Christie’s held their Impressionist and Modern art sales, setting records and at least tripling the total brought in by the same auctions last May.