Of course we are thinking that there may be a trickle down effect. We’ve been concerned that art work was going in the direction of quietly listening to music at home (digitized with pictures). Art is an investment, true, but it is a pleasure to look at that can enjoyed at any price level. Support your local artist and buy something that you will treasure for ever.
“Tonight’s results were clear vote of confidence for the art market,” said Simon Shaw, Head of Sotheby’s Impressionist and Modern Art Department in New York. “We wanted to put together a sale with works that were not just of great quality but were also presented with attractive estimates. I think the great depth of bidding we saw this evening is a testament to that strategy. Tonight was the first time since May 2006 in New York that we exceeded our top estimate, proving what we have seen consistently this year, that there is an enormous appetite for works of art of great quality.” from Art Knowledge News 11/4
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