Sotheby Auction http://www.fineartsla.com/wp-content/uploads/2009/06/sothebysauctiones_468x297.jpg
An article on Deutsche Welle’s website suggested art market has become safe haven for investor who don’t know where to invest their money. Sotheby’s had its best sales in history of 3.4 billion dollars during the first half of the year 2011. In comparison to the financial crisis in 2008, art owners are more active selling their artwork to auction houses. According to the article more than 440 artworks were sold each for more than a million dollars this year. The article also provided advice that investors should be cautious about buying works from contemporary artists. Moreover, artworks that is before the modern and contemporary times have more stable value, as well as possible increase in value. The director of Sotheby’s Cologne office advised that, “Customers should think about what they personally like, inform themselves and only then buy.”