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Taking The Temp Of The Art Auction Market
"While prices for the best works seemed high and bidding was often deep, the volume of sales -- nearly $600 million between the two companies -- was vastly diminished from a year ago, when Sotheby's and Christie's sold a combined $729 million or two years ago when the market peaked at $1.6 billion. But the relief that prices are crawling back up was palpable." The New York Times 11/16/09
"While prices for the best works seemed high and bidding was often deep, the volume of sales -- nearly $600 million between the two companies -- was vastly diminished from a year ago, when Sotheby's and Christie's sold a combined $729 million or two years ago when the market peaked at $1.6 billion. But the relief that prices are crawling back up was palpable." The New York Times 11/16/09
Posted November 16, 2009 08:52 AM
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