It’s time for FIAC and also time for ArtPrice.com to release it’s report on the contemporary art market. Some interesting charts that come from the report are:

Just look at the first half numbers to see how quickly Contemporary, which even this report left for dead in 2009, has bounced back above 2006 levels. The art market had already gone into overdrive by 2006 before the real blast-off in 2007. So these levels don’t match with the rhetoric we just heard from Frieze that prices are reasonable and fair. That, or there’s a new definition of reasonable and fair.