Art collectors feeling ‘good’ post-election: Sotheby’s CEO

CNBC | Robert Frank:

Donald Trump’s election has helped boost optimism in the art market this week, and may lead to a faster recovery next year, Sotheby’s CEO Tad Smith told CNBC Thursday. The major auctions houses are expected to sell more than $1 billion worth of art in New York this week, with many of the top pieces having already shattering sales estimates. Those high prices reflect an optimistic mood among buyers, despite a recent slowdown in the market, Smith said… Read more

Image: Sotheby’s Impressionist & Modern Art Evening Sale in New York. Source: Sotheby’s