What On Earth Is Going On?
From London to Hong Kong, certain art works are selling at far above previous prices.
The London auctions coinciding with the Frieze Art Fair seemed to telegraph a market focusing more on quality over quantity: sales volume was down along with third-party guarantees but competition (and prices) for specific works of art was strong. At all three houses, headline sales totals were way down even as good feelings pervaded the after-sale conv…
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