Even if you've been only half awake throughout this past year, you
could not hide from the grim reality of the financial woes that made
life for so many of us extremely unsettling and worrisome. And
definitely the art world was not immune to this dramatic downward
spiral. Museums were forced to face the tough economic reality by
paring down scheduled exhibitions, cutting back staff, and putting a
freeze on new hires. Disappointing sales at art auctions and various
art fairs reinforced the sense of doom and gloom on the international
art scene, and a number of galleries were forced to close their doors.
But, as Mark Twain once said, "The reports of my death are greatly
exaggerated..."