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Hungarian Art Market Sees Reduction in Prices

August 9, 2011 by Marion Maneker

A Hungarian news portal, Caboodle.hu, summarizes an article from the Hungarian press Világgazdaság (that’s subscriber only) where dealer János Haas is battling art deflation:

Haas mentioned painter Zoltán Klie (1897-1992), whose works often appear in his gallery and at Hungarian auctions. In 2007-08, Klie’s paintings fetched an average of Ft 300,000-400,000 (€1,100-1,500), while today, they are bought for 20-30% less.

Prices for Hungarian Art Seen at Decade Low (Caboodle.HU)

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Filed Under: General Tagged With: Hungary

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