Contemporary Art Is A Winner

Over the last one and five years, the pre-1950 American-painting index has performed the best (25.2 percent and 9.4 percent returns, respectively). Over the 50-year period, Impressionists won out (10.7 percent.) Art watchers say that paintings of this caliber are usually passed on through generations, but that aristo fidelity is waning. If today's want of contemporary artists is any measure, that category will win out soon. Buyers are paying record prices for living artists and many works from recently dead artists have skyrocketed. Art News last month even opined about the fall auctions, "it was clear that Impressionist and modern art had ceded ground to the hipper and hungrier contemporary market." For the full story - click the title Irish Art