"During a recent conference call, Sotheby’s CEO William Rupert announced “the best quarter in Sotheby’s history” and said he believes “market volatility” around the world “in other arenas” has further encouraged art market investment. Last week Sotheby’s reported consolidated sales of a record $3.4 billion in the first half of 2011, up 54% from last year in the 2nd quarter. Christie’s previously released its six-month total of $3.2 billion, up 15% from last year.
As the art world now anxiously awaits to see how severely the global market downturn will affect its recent re-stabilization, MutualArt took the chance to look back and get caught up for the fall auction season. Gear up for September with a review of the top lots, steepest flops and biggest shocks so far of the year." [Read Full Article]
Published by: The Huffington Post
On: 08/13/11
Website: http://www.huffingtonpost.com/
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