The Guardian Points to Diminished Auction Results as Indicator of Art Market Health in 2015

January 3rd, 2016

Christie's auction, via CNNAn article in The Guardian this week makes the argument that the art market bubble so often discussed in 2015 has already burst, pointing to the considerably diminished sales totals in late 2015, often failing to meet their estimate despite several major record-setters, and a drop-off in new buyers.  “It feels like we hit the top in the first half of 2015,” says Todd Levin, director of art advisory the Levin Art Group. “We rang that bell and things have softened ever so slightly since. My guess is that we will see further tightening over 2016.”

Read more at The Guardian