Pursuits
Saatchi, Bonhams Boost Art Confidence Amid Market Worries
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A sale by auction house Bonhams and an exhibition co-organized by the Saatchi Gallery are boosting confidence in the market for contemporary art amid worries about renewed financial turbulence, dealers said.
The Saatchi promotion of young artists -- recalling his 1997 Sensation exhibition of works by Damien Hirst, Tracey Emin and others -- and Bonhams’s entry into the contemporary market will take place in October. They coincide with the Frieze Art Fair, Europe’s biggest commercial event exclusively for contemporary works.