How Is the Art Auction Market Doing?

"Over at Bloomberg, Scott Reyburn calculates that the two major art auction houses, Sotheby’s and Christie’s, sold about $1.7 billion of art in this year’s evening sales, the auctions that typically have the highest-value art on offer. That is a roughly $500 million jump over last year’s total, meaning that, at least at the very upper edge of the art market, collectors are increasingly comfortable shelling out major money for some works (and sellers are comfortable supplying them)."  [Read Full Article]

Published by:  Gallerist NY
On:  12/28/11
Website:  http://www.galleristny.com

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