Seller’s Market Hints at Landmarks Sales at Auction This Month

May 6th, 2013

André Derain's Madame Matisse in a KimonoThis month’s upcoming arts auctions are projected to see over $1 Billion in art change hands in the next few weeks, with a number of major works by Gerhard Richter, Barnett Newman and Fernand Léger all expected to command impressive auction prices.  Analysts are pointing to new focuses on artist’s early work, and aggressive price setting by the auction houses as evidence that the market is ripe for sale, which could lead to a number of record-setting transactions.

Read more at The Wall Street Journal