New York Times Presents a Binary Art Market Landscape

August 8th, 2016

The top half of Alberto Giacometti's "L'homme Au Doigt" (Pointing man) sculpture is pictured at Christie's Auction House in the Manhattan borough of New YorkThe New York Times looks at the current health of the market, charting a number of challenges and issues faced by auction houses.  “It’s all about supply,” says adviser Wendy Goldsmith. “If you don’t offer $100 million guarantees, you’re not going to get the best things.” She added that demand had also become highly selective: “Things either stagnate, or they sell like hot cakes. There isn’t any middle ground any more.”

 Read more at NYT