| Economic Tide Is Rising for Repo Man The recreational boating industry has faltered amid the housing slump, leading to a boom in repossessions. nytimes.com |
Hard Times Hit Auction Houses Now that the years of stratospheric prices and high living are over, Sotheby’s and Christie’s are laying off scores of employees, restructuring departments and cutting costs. nytimes.com |
Market for Luxury Goods Shifts Further to the East Both Christie’s and Sotheby’s say that within the past few years Hong Kong, their hub in Asia, has emerged as a top location for sales of jewelry, gems and wines. nytimes.com |
Art Prices (and Mood) Inch Back Up The last two weeks of Impressionist, modern and contemporary art auctions saw the return of a surprising number of collectors, their wallets open, but only if the price was right. nytimes.com |
Christie’s and China’s Collaboration for ‘Trans-Realism’ Show The auction house’s recent “Trans-Realism” show is part of an effort to improve relations with the Chinese, but some question the government’s role in the project. nytimes.com |