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
