New York Times Looks Inside the Highly Competitive Contemporary Market

July 9th, 2014

The New York Times has published another survey on the contemporary auction market, focusing on the gradual concentration of collectors at the highest tiers of art collecting towards blue-chip artists and trusted names, making competition for these works all the more fierce, and the prices that much higher.  “The sleepy days of collecting are over,” says Amy Cappellazzo of the New York-based Partners agency. “The wealthiest of the wealthy now view art as an alternative currency. It’s become a very big business.”Read more at New York Times