What does the recession mean for the art world?

Question: What does the recession mean for the art world?

Robin Cembalest: That is a big question; nobody knows what the recession means for the Art world yet. Every time there is an auction and the auction does not do well, it does seem up to now that there have been reasons. So, may be in some cases the estimates were too high, they were little upper who were optimistic and the buyers who were do their homework knew the estimates were too high. In other cases may be the paintings had been around the block of too many times and people would have seen too much, so it did not sell. So up until now, there really hasn’t been that much of dip at least in terms of the auctions.

Recorded on: 1/14/08






Every time an auction doesn't do well, people think they know why, Cembalest says.

Supreme Court to hear 3 cases on LGBT workplace discrimination

In most states, LGBTQ Americans have no legal protections against discrimination in the workplace.

(Photo by Andres Pantoja/SOPA Images/LightRocket via Getty Images)
Politics & Current Affairs
  • The Supreme Court will decide whether the Civil Rights Act of 1964 also applies to gay and transgender people.
  • The court, which currently has a probable conservative majority, will likely decide on the cases in 2020.
  • Only 21 states and the District of Columbia have passed laws effectively extending the Civil Rights of 1964 to gay and transgender people.
Keep reading Show less

Scientists discover how to trap mysterious dark matter

A new method promises to capture an elusive dark world particle.

Surprising Science
  • Scientists working on the Large Hadron Collider (LHC) devised a method for trapping dark matter particles.
  • Dark matter is estimated to take up 26.8% of all matter in the Universe.
  • The researchers will be able to try their approach in 2021, when the LHC goes back online.
Keep reading Show less

Afghanistan is the most depressed country on Earth

No, depression is not just a type of "affluenza" — poor people in conflict zones are more likely candidates

Image: Our World in Data / CC BY
Strange Maps
  • Often seen as typical of rich societies, depression is actually more prevalent in poor, conflict-ridden countries
  • More than one in five Afghans is clinically depressed – a sad world record
  • But are North Koreans really the world's 'fourth least depressed' people?
Keep reading Show less