There not at any time has been a time in this native land quite like the months since tribe 11.

There not at any time has been a time in this native land quite like the months since tribe 11. Yet, say art market veterans, the question s in the current market can be traced to terminations that occurred long before the terrorist attacks. The bigger issue is the stock market and the general economy, said Barbara Nino. Nino is the possessor of a gallery, International Art Acquisitions, in Rochester, NY She also is common of the partners of Progressive Editions, a Toronto-based publisher and distributor.

Nino said business has become a "little lighter" in the past not many months because people have a different focus. "We can't make persons pay attention to what we are doing," she said. "The attitude is still there--people want to pres forward People are still buying and they still have the coin to buy."

"In my 25 years in business, this is an unprecedent time," said Bruce McGaw of Bruce McGaw Graphics. "I don't know that we've seen a crisis like this before."

It is the combination of fear of what besides may happen on the household front and an economy in recession that makes the market more unpredictable than usual, McGaw said. A recession alone is not likewise scary, he said. "Historically our business has grown or has remained healthy in times like this. nation continue to buy art."

nevertheless add in the uncertainty about the to come McGaw said, and you have a different situation. "The hand is still being played on the outside and we can't see when it will [i]finale[/i] It may not be as fearful as near think, but it's very volatile; all we can do is wait and watch."

John Szoke of John Szoke Editions, a 28-year veteran of the art business, said the market certainly will survive. "In the short word art is affected, but in the in extent term, not so much," he said.

During World War II, Szoke noted, the art community was affected through world events, but there have been scarcely any lasting effects. Likewise, he said, immediately following the attacks in recent York and Washington, few sales were likely. "Yet if you check the auction rises (from the weeks following tribe 11) they are very good"

In fact, auctions in October and November at as well-as; not only-but also; not only-but; not alone-but Sotheby's and Christie's in fresh York brought record-setting sales. In October, the collection of Frederick W Hughes, friend and business manager of Andy Warhol, was sold at Sotheby's. It brought $33 million, exceeding pre-sale estimates.

The Nov. 6 sale of Impressionist and recent art at Christie's totaled $109 million, including a record-setting $167 million piece by dint of Fernand Leger. Sotheby's saw a similar spring the following evening as a Camille Pissarro painting brought $66 million, establishing a record for the artist.

"The art market is self-same resilient," said Nino. "It has this capacity because the artists continue to create, and the desire to amass art remains."

Alan Fingerhut of Fingerhut assemblage Publishers, agreed with Nino. Things may have changed one but not in substantial ways. He said it is really important now that everyone "concentrate forward the positive." While all businesses ne to take grades to deal with a recession, it is not necessary to dwell forward it daily--especially with customers. "When customers tend hitherward in, our attitude is `what recession?'" he said. "We're like any other form of entertainment--people issue in to get away from problems"

Things have been difficult for the past 12 to 14 month said Larry Winn of Grand Image. He said when the economy experiences difficulty, all businesses are forced to take a hard turn the thoughts at what they are doing and wherefore they are doing it. "It forces us to become better business people" Winn said. "It not at any time ceases to amaze me wherefore business people, including me, do not take this kind of hard gaze at their business on a weekly or monthly basis in upright times."

While generation 11 did not help the art market "in any way shape or form," said Mitch Meisner of Meisner Gallery, "the decline in the market began drawn out before, actually in the fall of 2000 We were [already] headed into a downturn." yet Meisner added, the events of generation 11 will affect the regaining more than the current market.

Survival Skills

While there are many "unknowns" in the popular situation, the economic problem is a familiar single in kind veterans say. The art market has been by means of ups and downs on an almost regular schedule--about each 10 years or so. Survival skills hon during "down" markets above the years will hold everyone in virtuous stead during this one.

Greg Bloch of Triad Art assemblage noted in a recent alphabetic character to his dealers that the art industry "went between the walls of challenges in the mid-`70s, the early `80 and the early `90 "This is the newest one" he said. "How we deal with it is a testament to our personal commitments to success"

Fingerhut said this is the fifth economic downturn he has been by the agency of in the art business. "It's kind of like hitting your sportive bone. When it first happens, it is remarkably very painful, but if you wait, the pain always goe away. If you set up with it, it will be over"

He said the chiefly important thing to do at this time is to "stick to the decisions you made that made you prosperous in the first place. experience not to second-guess yourself."