Art Prices Rise

Art prices are now at their highest levels since the speculative bubble burst back in 1990. The Artprice Global Index calculated using data on repeat sales reveals that following the fall auction season in New York, art prices rose by 24.4% between January and December 2004. Taking into account fluctuations in exchange rates, the increase in euro terms was just 14% over the same period.
If prices continue to advance at the same pace as in 2004, they could well surpass November 1990 highs in November 2005, thus taking art market prices to unprecedented levels.
For full info on this plus worldwide auction prices - click the title
Irish Art