No Reserve

Late last week, as the auction house previews were in full swing, talk turned (as it always does) toward predictions for the coming week. How will it go? What’s the mood? The remarkable consensus brought about by the quality of the material on offer, the armature of third-party deals and guarantees, the absence of either market over-confidence or external macro-economic euphoria (let alone immediate threats) and the curious alignment of each auction house within its preferred lane was that the market had appeared to have achieved that rare Goldilocks moment where conditions are neither too hot or too cold but seem to be just right.

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