NYT Paints Cautious Picture for Upcoming Market Events

June 13th, 2016

Cao Fei in Conversation with Hans Ulrich Obrist, via Art BaselAn article in the New York Times this week looks at the upcoming market events in Basel and London in the coming weeks, and notes a more nuanced and complex sales picture in response to what many have considered a period of market correction.  “There’s a growing rift between price and value,” says advisor Heather Flow. “In some cases, gallery prices are higher than the levels at which similar works are being flipped,” meaning resales at auction.Read more at NYT