Art Sales: what goes up must come down?

The Telegraph | Colin Gleadell:

A nervous week of contemporary art sales in London ended last Friday on a confident note, though for those who only read the statistics, it might appear that the market has taken a bit of a beating. Not only did the sales fail to meet the pre-sale estimate of £164 million, which is unusual in this sector, but they fell precipitously from last February’s £293 million to bring the lowest total for a similar series of sales in London since 2010. But is this a slump, or just an adjustment to an overinflated market?… Read more

Image: Kazuo Shiraga, Koujouka (detail), 1990