{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Art economy expected to bounce back at influential art and antiques fair' data-url='/boclips/videos/5c54c1f9d8eafeecae156358' data-video-url='/boclips/videos/5c54c1f9d8eafeecae156358' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nArt economy expected to bounce back at influential art and antiques fair\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eAP Television News Maastricht, Netherlands, 12 March 20101. Close up of Botticelli''s Madonna and Child with the Infant Saint John (1493-50), Sandro Botticelli (Florence, 1444/5 - 1510),  Tempera on panel, Formerly in the collection of...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eAP Television News \u003cbr/\u003eMaastricht, Netherlands, 12 March 2010\u003cbr/\u003e1. Close up of Botticelli''s Madonna and Child with the Infant Saint John (1493-50), Sandro Botticelli (Florence, 1444/5 - 1510),  Tempera on panel, Formerly in the collection of John D. Rockefeller Jr.represented by Dickinson New York -London, Price - �10.08 million ($15 million)\u003cbr/\u003e2. Wide shot of women looking at Madonna and Child with the Infant Saint John\u003cbr/\u003e3. Close up of a child on Botticelli''s Madonna and Child with the Infant Saint John \u003cbr/\u003e4. Close up of Madonna on Botticelli''s Madonna and Child with the Infant Saint John \u003cbr/\u003e5. SOUNDBITE (English): Hugo Nathan, President of Art-dealer  Dickinson New York-London :\u003cbr/\u003e\" It''s recognized as the last Botticelli''s Madonna in private hands, so for any collector or museums that doesn''t have one, it''s really a last opportunity to get a picture by one of the great names of Renaissance''s Florence.  Botticelli is very much an artist who''s famous for his portraits but in particularly in the mind of public most famous for those beautiful faces of Madonnas, nymphs and goddesses that he created\".\u003cbr/\u003e6. Close up of the young St. John on Botticelli''s Madonna and Child with the Infant Saint John \u003cbr/\u003e7. Mid of Botticelli''s Madonna and Child with the Infant Saint John \u003cbr/\u003e8. Mid of visitors looking at Botticelli''s Madonna and Child with the Infant Saint John \u003cbr/\u003e9. Mid shot of painting Deux femmes (Painted in the Marquesas Islands, Tahiti, in 1902) Oil on canvas,  by Paul Gauguin (1848-1903), Private collection in  UK represented by Art-dealer Dickinson, Price- �18 million ($24.7 million ) \u003cbr/\u003e10. Close up of a girl with the black hair on Paul Gauguin''s Deux femmes (Two women)\u003cbr/\u003e11. Close up of a girl with the red hair on Paul Gauguin''s Deux femmes \u003cbr/\u003e12. Wide shot of painting Jeune fille assise, les cheveux d�nou�s, Oil on canvas from 1919 by Amedeo Modigliani (1884-1920) in private collection represented by Art-dealer Hammer Galleries New York, Price- �12.75 million ( $17.5 million)\u003cbr/\u003e13. Mid shot of painting Jeune fille assise, les cheveux d�nou�s (Young girl seated, hair undone), by Amedeo Modigliani \u003cbr/\u003e14. Close up shot of Jeune fille assise, les cheveux d�nou�s, by Amedeo Modigliani \u003cbr/\u003e15. Close up shot of hand of Jeune fille assise, les cheveux d�nou�s, by Amedeo Modigliani \u003cbr/\u003e16. Mid shot of Jeune fille assise, les cheveux d�nou�s, by Amedeo Modigliani \u003cbr/\u003e17. Wide shot of  Madonna and Child enthroned between Saint Bartholomew and Saint James Major (apostle) and two female saints, (panel with the original frame) Giovanni di Paolo (Siena, c. 1397-1482), in private collection represented by Moretti Florence - London - New York. Price - �2 million ($ 2.74 million)\u003cbr/\u003e18. Close up of  Madonna and Child enthroned between Saints Bartholomew, James Major and two female saints by Giovanni di Paolo \u003cbr/\u003e19. Close up of  Madonna and Child enthroned between Saints Bartholomew, James Major and two female saints, by Giovanni di Paolo \u003cbr/\u003e20.  Close up shot of  Madonna and Child enthroned between Saints Bartholomew, James Major and two female saints,by Giovanni di Paolo \u003cbr/\u003e21. Mid shot of Dr Clare McAndrew looking at a painting \u003cbr/\u003e22. Close up of Dr Clare McAndrew \u003cbr/\u003e23. SOUNDBITE (English): Dr Clare McAndrew,  a cultural economist and founder of Arts Economics \u003cbr/\u003e\" It''s something working in the art market''s favour; luxury spending is down certainly is on like luxury cars, handbags, luxury clothing spending are down nearly 20 percent. But people are shifting money into things that they perceive to be long term durable high quality assets that will last in value over time, and art is one of those. It''s a long term investment for people, it''s a way to store value overtime''''.\u003cbr/\u003e24. Wide shot of visitors\u003cbr/\u003e25. Close up on an art dealer having telephone conversation \u003cbr/\u003e26. Wide of art dealers talking to clients \u003cbr/\u003e27. Wide of visitors \u003cbr/\u003e28. Wide of art dealers talking to clients \u003cbr/\u003e29. SOUNDBITE (English): James Roundell, Art-dealer Dickinson New York-London. \u003cbr/\u003e\" It''s seems to me that last year was a difficult year because of the global economic problems and to extent we see that world is not going to end. On the other hand the cash seems not to be a terribly good thing to put into bank at the moment, so art is perhaps recovering it''s position and people are showing their confidence about wanting to buy art again\".\u003cbr/\u003e30. Wide shot of painting  Seated Young Woman (1916) Oil on canvas by Edvard Munch ( 1863 - 1944 ) Galerie Thomas from Munich, Price � 9.5 million ($ 13.07 million) \u003cbr/\u003e31. Close up of  Seated Young Woman by Edvard Munch \u003cbr/\u003e32. Close up of hands of  Seated Young Woman by Edvard Munch \u003cbr/\u003e33. Mid shot of  Seated Young Woman by Edvard Munch \u003cbr/\u003e34. Wide shot of painting Portrait of George Washington (1822) Oil on canvas by Gilbert Stuart, (1755 - 1828), The Armand Hammer Foundation represented by Art-dealer Hammer Galleries New York, Price-  �5 million ($7.5 million) \u003cbr/\u003e35. Close up of Portrait of George Washington by Gilbert Stuart \u003cbr/\u003e36. Close up shot of hands of Portrait of George Washington by Gilbert Stuart \u003cbr/\u003e37. Wide shot of  Portrait of George Washington by Gilbert Stuart \u003cbr/\u003e38. Pan from visitor''s face to a face of art-dealer Howard Shaw, Art-dealer Hammer Galleries New York \u003cbr/\u003e39. SOUNDBITE(English) Howard Shaw, Art-dealer Hammer Galleries New\u003cbr/\u003eYork: \" Well, certainly we have number of American collectors who come to TEFAF, almost every major American museums sends curators here. But it also could go to European collector, when he was painted George Washington was the most famous man in the world, sort of like Barack Obama is today\".\u003cbr/\u003e40. Various  of TEFAF visitors\u003cbr/\u003e41. Wide shot of the bed which belonged to Charles-Maurice Talleyrand, the influential French diplomat . Exhibited by Pelham of Paris this French Empire giltwood masterpiece dating from c1805 was in Talleyrand''s country house in the Loire where he regularly received colleagues and visiting diplomats for morning meetings in his bedroom.The maker of the bed, which is priced at �380,000 ( $ 523,000), is not known.\u003cbr/\u003e42. Various shots of the  the bed which belonged to Charles-Maurice Talleyrand.\u003cbr/\u003e43. Wide shot of the stand of London jewellers Hancocks \u003cbr/\u003e44. Close up shot of Elton John Elton John ''s 18 carat yellow gold cuff bracelet decorated with a chevron motif set with brilliant-cut diamonds was designed in 1979 by Alfred Durante, the former Director of Design at Cartier , New York . Reputedly three of these bangles were made, two completely diamond-set for the film star Elizabeth Taylor, and the third for Elton John. The price is �52,500($71.500) \u003cbr/\u003e45. Mid shot of the installation by Damien Hirst ''''This Little Piggy Went to Market, This Little Piggy Went Home\" Haunch of Venison from London, Price-  �8.8 million ($12.1 million) \u003cbr/\u003e46. Mid shot of visitor watching  the installation by Damien Hirst ''''This Little Piggy Went to Market, This Little Piggy Went Home''''\u003cbr/\u003e47. Close up on pig''s head -  installation by Damien Hirst ''''This Little Piggy Went to Market, This Little Piggy Went Home''''\u003cbr/\u003e48. Mid shot of the antique  collections \u003cbr/\u003e49. Mid shot of the antique collections \u003cbr/\u003eTEFAF Maastricht is the world''s most influential art and antiques annual fair brings together an extraordinary range of important works.\u003cbr/\u003eIt seems that after a difficult economic year the market is recovering as the wealthy invest their savings in works of art. \u003cbr/\u003eA painting of the Madonna and the infant Christ is attracting attention at this year''s Maastricht art fair. \u003cbr/\u003eThe stylised rocky landscape and the beautiful serene face of the Madonna are  typical of the artist Sandro Botticelli. \u003cbr/\u003eOften referred to as the Rockefeller Madonna, it remained in the collection of the wealthy Rockefeller dynasty for half a century\u003cbr/\u003eIn more recent years it has been part of a private collection in New York. \u003cbr/\u003eHugo Nathan, President of art-dealers  Dickinson New York-London, says this Botticelli''s Madonna is the last in private hands :\" so for any collector or museums that doesn''t have one it''s a last opportunity to get a picture by one of the great names of Renaissance''s  Florence\"\u003cbr/\u003eThe painting of the young Saint John kneeling in prayer before the Madonna and the infant Christ is expected to sell for around �11.1 million (US$15 million).\u003cbr/\u003eDickinson of London and New York are also exhibiting Deux Femmes, an important late Tahitian work painted by Paul Gauguin in 1902, for a price in the region of �18 million ($24.7 million ). \u003cbr/\u003eThe picture was painted in  a year before Gauguin''s death, while he was living on Hiva Oa in the remote Marquesas Islands 740 miles from Tahiti. \u003cbr/\u003eThe two female figures relate to the Biblical character of Eve, a key figure in Gauguin''s personal mythology.\u003cbr/\u003eHammer Galleries of New York , who are newcomers to TEFAF Maastricht, have a exhibition including Jeune fille assise, les cheveux d�nou�s by Amedeo Modigliani. \u003cbr/\u003eThis masterpiece, painted in 1919 while Modigliani was staying in the Midi region of the south of France for health reasons, is priced at over �12.75 million ( $17.5 million).\u003cbr/\u003eAmong the many fine Old Master paintings at TEFAF Maastricht in 2010 is a domestic altarpiece by Giovanni di Paolo (Siena, c. 1397-1482).\u003cbr/\u003eThe Madonna and Child enthroned between Saint Bartholomew, Saint James Major (the apostle) and female saints is a domestic altarpiece in its original frame dates from the 15th century. \u003cbr/\u003eThe altarpiece exhibited by Moretti of Florence/London/ New York is expected to sell for around �2 million($ 2.74 million) .\u003cbr/\u003eTEFAF commissioned a report on the art market from Art Economics, a consulting firm run by Dr. Clare McAndrew, to analyse the global art market. \u003cbr/\u003eThe report found that in 2008, total sales in the global market for fine and decorative art reached just over �42.2 billion (58 billion US Dollars), down over 12% from its peak in 2007 of �48.1 billion (66 billion US Dollars)\u003cbr/\u003eIn 2009, sales are estimated to have slipped further, dropping by about 26% to �31.3 billion (43 billion US Dollars) as the effects of the global recession filtered down to some sectors of the art market.\u003cbr/\u003eThere are currently over 400,000 listed businesses in the art market worldwide. \u003cbr/\u003eThese businesses support close to 2 million jobs and also a substantial amount of indirect employment and revenue through links to a range of other industries associated with the art trade. \u003cbr/\u003eThe middle market (in terms of prices) appears to have been one of the worst hit by the global recession in 2008 and 2009, while the very high and very low ends of the market have fared better.\u003cbr/\u003eFirst figures are showing that 2010 is year of recovery for the art market. \u003cbr/\u003eDr Clare McAndrew says : \"luxury spending are down certainly is on like luxury cars, handbags, luxury clothing spending are down nearly 20 percent. But people are shifting money into things that they perceive to be long term durable high quality assets that will last in value over time, and art is one of those. It''s a long term investment for people, it''s a way to store value overtime''''.\u003cbr/\u003eJames Roundell, an art-dealer with Dickinson agrees:  \" It''s seems to me that last year was a difficult year because of the global economic problems and to extent we see that world is not going to end. On the other hand the cash seems not to be a terribly good thing to put into bank at the moment, so art is perhaps recovering it''s position and people are showing their confidence about wanting to buy art again\".\u003cbr/\u003eGalerie Thomas from Munich is exhibiting the Seated Young Woman by Edvard Munch, priced at �9.5 million ($ 13.07 million). \u003cbr/\u003eThe painting is powerful portrait of Fr�dis Mj�lstad, a friend of the Norwegian artist, painted in 1916.\u003cbr/\u003eA portrait of George Washington (1822) Oil on canvas by Gilbert Stuart, (1755 - 1828) is also on sale for �5 million ($7.5 million). \u003cbr/\u003eHoward Shaw, an art-dealer from Hammer Galleries in New York says that despite its American subject, the painting may find a buyer in Europe. \u003cbr/\u003e \"Well, certainly we have number of American collectors who come to TEFAF, almost every major American museums sends curators here. But it also could go to European collector, when he was painted George Washington was the most famous man in the world, sort of Barack Obama is today\", he says. \u003cbr/\u003eBut the fair is not all paintings.\u003cbr/\u003eOne historic piece is a bed which belonged to Charles-Maurice Talleyrand, the influential French diplomat. \u003cbr/\u003eExhibited by Pelham of Paris this French Empire giltwood masterpiece dating from c1805 was in Talleyrand''s country house in the Loire where he regularly received colleagues and visiting diplomats for morning meetings in his bedroom.\u003cbr/\u003eThe maker of the bed, which is priced at �380,000 ( $ 523,000), is not known.\u003cbr/\u003eHancocks jewellers from London is exhibiting the 18 carat yellow gold cuff bracelet decorated with a chevron motif set with brilliant-cut diamonds. \u003cbr/\u003eThe bracelet was designed in 1979 by Alfred Durante, the former Director of Design at Cartier, New York. \u003cbr/\u003eDurante made three bangles in total. \u003cbr/\u003eTwo were completely diamond-set for the film star Elizabeth Taylor, and the third (the one on sale) was for Elton John. The price is �52,500 ($71.500).\u003cbr/\u003eHaunch of Venison from London are exhibiting a key early work by Damien Hirst. \u003cbr/\u003eThis Little Piggy Went to Market, This Little Piggy Went Home. \u003cbr/\u003eInspired by the children''s song, the work is a pig in a solution of formaldehyde and is being offered for sale for �8.8 million ($12.1 million).\u003cbr/\u003eA record number of 263 exhibitors from 17 countries are expected to attend TEFAF''s 23rd edition from 12-21 March, to view some 30,000 works of art and antiques. \u003cbr/\u003eAll of these are rigorously vetted by 26 teams with a total of 168 internationally recognised experts.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead 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industry, botticelli, arts and antiques dealing, recessions and depressions, tahiti, travel, fashion accessories, netherlands, executive changes, australia and oceania, marquesas islands, media and entertainment, long term, fairs and festivals, beauty and fashion, entertainment industry, new brunswick, recreation and leisure, saint john, spend, damien hirst, collector, elizabeth taylor, personnel, industries, united kingdom, united states, lifestyle, arts and crafts fairs, people, society islands, world, antique fairs, leisure travel, famous, overtime, year, hand, elton john, french polynesia, corporate news\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less 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