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Auction Slump Has Silver Lining for MoMA
After the recent drop in auction prices, artworks that were once out of reach for museums have suddenly become affordable again.
This fall the Museum of Modern Art was able to buy a sculpture by the Arte Povera artist Pino Pascali (1935-68) and a floor piece by the Minimalist sculptor Carl Andre for less than their auction estimates.
Read more here....................
http://www.nytimes.com/2008/11/21/arts/design/21voge.html?ref=arts
This fall the Museum of Modern Art was able to buy a sculpture by the Arte Povera artist Pino Pascali (1935-68) and a floor piece by the Minimalist sculptor Carl Andre for less than their auction estimates.
Read more here....................
http://www.nytimes.com/2008/11/21/arts/design/21voge.html?ref=arts
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