Art World Prepares for a Challenging Year

The New York Times | Scott Reyburn:

So now it’s official: The art market boom has peaked, according to figures from Christie’s and Sotheby’s, the biggest international auction houses. In late January, the companies released their 2015 results, with each reporting a slight decrease in year-over-year sales. It was the first year since 2010 that both failed to show an increase… Read more 

Image: Pablo Picasso’s ‘‘Tete de Femme’’ (detail), a 1935 study of his lover Marie-Thérèse Walter.Credit2016 Estate of Pablo Picasso/Artists Rights Society (ARS), New York