Growing Market Pays Off for Sketches and Drawings

April 14th, 2014

A Joan Miró Drawing, via WSJThe Wall Street Journal looks at the growing market for prints, drawings and sketches by major artists, which can command impressive sales figures, and have even paid off for many investors in the high-demand state of the current auction market. Prints and sketches by Warhol and Calder, among others, have doubled or tripled in price in a matter of a few years.  “These are the names everybody knows—they feel safe for people, especially when no one quite knows exactly how long a good run is going to last,” said Meredith Hilferty, director of Rago Arts & Auction Center in New Jersey.

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