Art sales: review of 2011

"It has been an uneven year for the art market, starting like an express train, but finishing slightly out of puff. The auction houses will not produce their annual sales reports until next year, but figures on Sotheby’s website indicate that there has been a 12.2 per cent rise in its worldwide auction sales to $4.9 billion. However, while sales up to the end of July were generally meeting and sometimes exceeding expectations, since September, in Europe and the UK, they have consistently fallen below their estimates. Although there are exceptions, the trend suggests that the eurozone crisis has taken its toll."  [Read Full Article]

Published by:  The Telegraph
On:  12/19/11
Website:  http://www.telegraph.co.uk

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