French Rent-An-Art Programs Have Some Worried

With major French museums loaning (renting?) some of their significant art to museums in other parts of the world, a debate about the practice has broken out. “Such deep cooperation goes far beyond the typical museum loans for exhibits — and the sheer number of operations in progress has some in the art world worried that France’s museums will be put under strain.”

Christie’s Sales Soar in 2006

Christie’s says its auction sales were up 36 percent last year to $4.7 billion. “Christie’s and its rival Sotheby’s are benefiting from low interest rates and a 10-year trebling of contemporary prices that have made art an attractive investment for billionaires from Ronald Lauder in the U.S. to Hong Kong’s Joseph Lau. Sellers have been lured with promises of benefits such as minimum prices.”