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The Epilogue sketches the main characteristics of the art market bust in the wake of the 2008 financial crisis and the subsequent market recovery. The Epilogue briefly reflects on the market contraction and shift in focus from over-valued living artists at auction to critical reflection and dialogue about artworks facilitated by commercial gallerists, refers to mixed fortunes brought by a market recovery, and a recent rise of prices levels for living artists at auction.
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Adam, G. (2012, June). Fair or foul: More art fairs and bigger brand galleries, but is the model sustainable? The Art Newspaper, 236. http://old.theartnewspaper.com/articles/Fair-or-foul-more-art-fairs-and-bigger-brand-galleries-but-is-the-model-sustainable/26672. Accessed 20 June 2012.
Adam, G. (2013, January). What’s in store for the market? The Art Newspaper, 242.
Adam, G., Burns, C., Harris, G., & Mason, B. S. (2009, December 5–6). The going is tough: But stronger sales at all levels than last year. The Art Newspaper, 1.
Adam, G., Burns, C., Pollock, L., & Ruiz, C. (2010a, June 16). Art Basel’s most wanted: Established artists. The Art Newspaper, 1.
Adam, G., Burns, C., Gerlis, M., & Katz, M. M. (2010b, December 4–5). Who needs celebrities? It’s the serious collectors that count. The Art Newspaper, 2.
Burns, C. (2013, March). While the rich get richer …. The Art Newspaper, 244. http://old.theartnewspaper.com/articles/While-the-rich-get-richer/28991. Accessed 4 March 2013.
Gerlis, M. (2008, November). “Hot” categories cool rapidly as crisis bites. The Art Newspaper, 196, 61.
Kaufman, J. E. (2009, January). Museums make deep cuts in face of global financial crisis. US budgets slashed, programming reduced and expansions halted. The Art Newspaper, 198.
Lowry, G. (2012). Battle of the biennials. The Economist—The World in 2013, 130–131.
McAndrew, C. (2011). The global art market in 2010. Crisis and recovery. HD Helvoirt: The European Fine Art Foundation (TEFAF).
McAndrew, C. (2013. March 14). US retakes top spot in art sales from China. The Art Newspaper.
Melikian, S. (2011, November 4). Uptown from wall street, a bull market. The New York Times. http://www.nytimes.com/2011/11/05/arts/05iht-MELIKIAN05.html. Accessed 5 November 2011.
Melikian, S. (2012, November 16). Investors fly to contemporary art. The New York Times. http://www.nytimes.com/2012/11/17/arts/17iht-melikian17.html?_r=0. Accessed 17 November 2012.
Pollock, L. (2011, January). Alive and kicking despite the slump. The Art Newspaper, 220.
Reyburn, S. (2012, October 13). Clapton’s Richter fetches $34 Million, 30 times purchase. Bloomberg Businessweek.
Rice, A. (2012, November 21). Damien Hirst: Jumping the shark. Bloomberg Businessweek.
Szántó, A. (2011, May 23). The season that was. http://www.artworldsalon.com. Accessed 23 May 2011.
Taylor, K. (2010, December 3). Blues skies and blues-chip sales at Art Basel Miami. The New York Times. http://www.nytimes.com/2010/12/04/arts/design/04artbasel.html. Accessed 5 December 2010.
Thibaut, M. (2012, November 17). Die Einheizer. Der Tagesspiegel, 28.
Vogel, C. (2008, November 16). In faltering economy, auction houses crash back to earth. The New York Times. http://www.nytimes.com/2008/11/17/arts/design/17auct.html. Accessed 18 November 2008.
Vogel, C. (2012a, November 13). $375.1 million art sale is Sotheby’s record. The New York Times. http://www.nytimes.com/2012/11/14/arts/design/contemporary-art-sale-is-sothebys-record.html. Accessed 14 November 2012.
Vogel, C. (2012b, November 15). Warhol paintings of Mao tops auction at Philipps. The New York Times. http://www.nytimes.com/2012/11/16/arts/design/warhol-painting-of-mao-tops-auction-at-phillips.html. Accessed 17 November 2012.
Vogel, C. (2012c, November 14). Relentless bidding, and record prices, for contemporary art at Christie’s auction. The New York Times. http://www.nytimes.com/2012/11/15/arts/design/record-breaking-prices-at-christies-auction.html. Accessed 15 November 2012.
- Chapter 7