Today is an “In the News” story, and since it’s the start of the Christmas shopping season, I’ll focus first on buying and selling.
The big-enchilada auctions at Christie’s and Sotheby’s unfolded last week, called Marquee Week for the glamour of the art, mostly modern and contemporary, though will all these seven-, eight-, and nine-figure dollar amounts fit on a marquee? The art market isn’t a single market but hundreds of niche markets, so it’s hard to conclude much. Bidding wasn’t thin, but thinner than in boom years. Even the ultra-rich were cautious. Boutique art from distinguished collections did well. And who thought that auction-watching would ever be hot reality TV?
Comments