Market News: the art boom plateau?

The Telegraph | Colin Gleadell:

Auction sales at Sotheby’s last year maintained the previous year’s level at $5.989 billion (£4.11 billion), indicating the art boom has reached a plateau. Estimates received so far for next month’s Impressionist, Modern and Contemporary art sales in London are also lower than last year suggesting that sellers are not quite so confident about the months ahead. Sotheby’s main Impressionist and Modern art sale, for instance, is estimated at £97.6 million to £128.4 million pounds for 54 lots compared to last February’s £139 million to £196 million estimate for 75 lots… Read more 

Image: Henri Matisse, Enfants au Piano (detail), 1923