文档介绍：Text1Thelongestbullruninacenturyofart-otewithasaleof56worksbyDamienHirst,“BeautifulInsideMyHeadForever”,atSotheby’sinLondononSeptember15th2008(seepicture).Allbuttwopiecessold,fetchingmorethanā70m,,inNewYorkoneoftheoldestbanksonWallStreet,LehmanBrothers,$65billion,reckonsClareMcAndrew,founderofArtsEconomics,aresearchfirm—$,enormousegos,greed,’ssale,spendingofanysortbecamedeeplyunfashionable,especiallyinNewYork,wherethebail-outofthebankscoincidedwiththelossofthousandsofjobsandthefinancialdemiseofmanyart--thirds,andinthemostoverheatedsector—forChinesecontemporaryart—theyweredownbynearly90%’stwobiggestauctionhouses,Sotheby’sandChristie’s,hadtopayoutnearly$,%downontheirpeakonaverage,,Christie’schiefexecutive,says:“I’mprettyconfidentwe’reatthebottom.”Whatmakesthisslumpdifferentfromthelast,hesays,isthattherearestillbuyersinthemarket,whereasintheearly1990s,wheninterestrateswerehigh,’