May sales in NY test the trade in uncertain times

THE ART NEWSPAPER | Dan Duray:

What a difference a few years make. After experiencing an over-inflated auction market, in which a “most expensive painting of all time” would be crowned each season, auction houses have returned to business as usual with smaller totals. Nonetheless, the season is not without its share of big-ticket works. A last-minute entry as we went to press was the announcement that Sotheby’s is selling Jean-Michel Basquiat’s Untitled (1982), which the house has guaranteed for more than $60m. Following a contraction in the market in 2016 and uncertainty over Donald Trump’s economic policies…read more

Image |  Courtesy Sotheby’s | Roy Lichtenstein | Nude Sunbathing (1995)

2018-10-29T11:05:01+00:00