the art collectors

 ArtTactic has just published its newest US & European Contemporary Art Market Confidence Survey, revealing signs that confidence is slowly rebounding after an 81% drop in the the research firm’s Art Market Confidence Indicator in December 2008.  While the majority of those surveyed still hold a negative short-term outlook, 74%  say the market will only deflate anotherer 10-20% , suggesting that price correction may finally be leveling out.  In fact, 64% believe the contemporary market could bounce back as soon as 2010/11.