Odd News

People finally realized that money can be made out of art, too. This statement confirms the London auction house which made its record in selling the art for approximately 558.8 million pounds. For wealthy people, mainly European, buying art pieces is sort of future investment.Although some analysts feared that there will be a reducement of sales because of global slowdown, the London auction house proved that they were only speculations. Billionaires ,for example Roman Abramovich were buying only big trophies, but others offers were for no less than 500,000 pounds.To the most wanted masterpieces belonged mainly Impressionists or contemporary works. For instance, Claude Monet's "Le Bassin aux Nympheas'' was sold for the biggest price from all offered Impressionists 40.9 million pounds on June 24. However, we do not even know the nationality of this buyer because the art adviser Buckrell Pos could not tell anything about him.Lately, many new buyers appeared in this type of market, interested particularly in contemporary art which becomes more and more the type of art everyone wants to have at home. The easiest way how to get any is to go to the auction house.To the most sold contemporary artist we can include Indian Rashid Rana with her pornographic photos with the current price of $60,000 or many Western or Chinese young artists. Rashid Rana displays her art at Grosvenor gallery that got specialized in Indian art. However, how much is sold depends not only on artists, but also on presentatiors who are responsible for marketing and giving the right price. Because if you overestimate these works, nobody is going to buy it.

by Paulina Neshybova for PocketNews (http://pocketnews.tv)

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