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Monday, June 28, 2010

WHAT RECESSION?

As the British government announces massive cuts to deal with the economic recession it is interesting to note that recession or not the owning class still manage to spare a few coppers for their art collections. "Last week was one of the biggest ever in the world of of London's art auctions, with the recession failing to stop records being broken at the Impressionist/Modern evening sales at both Sotheby's (22 June)and Christie's (23 June)" (Observer, 27 June) A Picasso went for over £34 million, a Manet for over £22 million and a Klimt for just under £19 million. It is nice to see that our betters are not letting an economic downturn affect their appreciation of artistic merit. RD

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