The Art Market: The beginning of a new world order for sales?
Will 2013 go down in art market history as the peak of a boom, or the beginning of a new world order for art sales?
Tag Archives: Christie’s
Billion-Dollar Question: Can Contemporary Art Keep Climbing?
Words like “surreal” and “dizzying” were used a lot over the last couple of weeks to describe the atmosphere at major fall auctions of Impressionist, modern and especially contemporary art at Christie’s and Sotheby’s, as prices for individual works shattered records, hitting new nine-figure highs, and overall sales of contemporary art surged to a new […]
Oops. I left my millions …
A View Inside the Art World: Author Henry Alford attended the record-breaking auctions of modern art at Christie’s and Sotheby’s, but to watch, not buy. Henry’s hilarious commentary in the NYT on his experiences at the Christie’s including at the preview auction brunch: “Are you having fun?” he asked me. “I am,” I said. “But […]
As Auction Houses Win, Art Lovers Lose
Instead of catering to carefully selected museums and collectors, auction houses sell to the highest bidder. They find two people who want the same work and get them to bid as high as possible; often those who buy work will only sell it again in two years.