Art Sales Down 45% at London Auctions So Far

The Wall Street Journal | Anna Russell and Kelly Crow:

Midway through London’s winter auctions, the art market is looking as mottled as a Claude Monet. In yet another sign of the art market’s decline, collectors sniffed at some of the priciest pieces offered up in a series of impressionist and modern art sales at Sotheby’s and Christie’s this week. The houses collectively sold $210 million during a pair of high-profile evening sales… Source 

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