Yesterday, artnet.com online magazine (which everyone should read at least weekly) had an interesting article on the current print market (11/5/08). The link to the full article is below. Briefly, prices for prints are down at auctions and many lots are going unsold. Reserves and estimates have been really lowered. Collectors are holding out for the best examples of artists' works and are keeping a look out for works that rarely come to auction. Contemporary artists are not selling as well. However, in contrast to auctions, print dealers haven't seemed to have adjusted their prices yet.
http://www.artnet.com/magazineus/news/ripley/ripley11-5-08.asp
What does this all mean for collectors of contemporary prints buying newly released editions?
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I definitely didn't see any noticeable discounting at IFPDA.
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