The Mixed Market Thoroughly On View at Phillips and Sotheby's
Blue-chip names are fully priced for anything but the rarest works; but price appreciation continues for a number of under-represented artists.
The rumbling conclusion of the marquee May auctions last Thursday night revealed a mixed bag of interesting results, directional indicators and worrisome disappointments. The biggest theme in the market, rotation from one group of artists driving sales to another potentially rising to fill their place, continues.
And yet, even that conclusion is worthy …
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