WSJ Reflects on Market Correction

February 16th, 2016

Sotheby's Auction, via WSJThe WSJ again trumpets a cooling art market following last week’s auctions in London, noting a decreased interest in mid-priced lots, and a greater focus on reliable bets.  “It’s a correction we’ve all been waiting for,” says Nazy Vassegh, CEO of London art fair Masterpiece. “There’s been no frenzied bidding in the sales room. The market seems to be highly price sensitive and really selective.”

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