Art market analysis: Who benefits from charity auctions?

"Charity auctions have been around for a while. Sotheby’s decorative arts specialist Robert Woolley, who died in 1996, became a star charity auctioneer in the 1980s and 1990s. Lydia Fenet at Christie’s says there was a huge increase in charity auctions in the boom years between 2000 and 2008. Then, hedge fund money made for more visible events, such as the star-studded Robin Hood Foundation Gala, but these suffered during the downturn. Recently fundraising events have increased again, despite the still flailing economy."  [Read Full Article]

Published by:  The Art Newspaper
On:  09/20/11
Website:  http://www.theartnewspaper.com

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