Since Damien Hirst made a killing in his Sotheby’s sale on the day that the US market dropped, there has been almost universal puzzlement over the future of the contemporary art market. Below are some conflicting headlines about the art market from the past few days – demonstrating that no one really knows what’s going on.

Image: boston.com

The Art Newspaper says:

Sign of things to come? New York art market shows evidence of weakness

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From the Taipei Times:

At times of financial insecurity, art can be a surprising source of investor confidence

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From Reuters:

Chinese contemporary art palls in Sotheby’s HK sale

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Business Week says:

Pop Goes the Bubble in Chinese & Indian Art: Fallout from the global economic crisis hits the opening sale of modern and contemporary Asian art at Sotheby’s in Hong Kong

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And Britain’s Daily Telegraph says:

The FTSE100 may have hit a four-year low but fine wine, art and stamps are holding their value – at least for now

HERE