Cooling Contemporary Market Doesn’t Stop Surge in Modern Sales, Art Newspaper Notes

January 28th, 2016

An article in Art Newspaper this week notes a gradual cooling of the art market, but also points to an increasingly competitive market for Modern pieces, as seen in last year’s record-setting sales by Picasso, Gauguin and Modigliani.  “Throughout last year we saw increasingly high sell-through rates in the middle market across categories, including post-war and Impressionist and Modern,” says Christie’s CFO Stephen Brooks. “Christie’s is just as much about a $15m Warhol as a £15,000 chandelier sold in South Kensington.”

Read more at Art Newspaper