| Latin American sales in United States have best year since 2008 financial crisis |
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| Notizie arte e cultura - News d'arte dal mondo | |||
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NEW YORK, NY (REUTERS).- Latin American art sales, which totaled nearly $90 million in New York in 2011, scored their best year since the 2008 financial crisis, aided by a boom in Brazilian art and demand from Asia. The sales at Christie's and Sotheby's were second only to the 2008 Latin American market total of $96 million, according to the auction houses. While they primarily attribute the success to the selective quality of the works, collectors and gallery owners said a bigger factor is the global emergence from recession and demand from countries with strong economic expansion. Brazil's robust economic growth has helped drive the soaring prices at the auctions, according to Mary-Anne Martin, who owns an art gallery in New York specializing in Latin American works. "Brazilian art is pulling way ahead read full article
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