An article in Forbes traces the conclusion of the modern and contemporary art auctions over the past two weeks, and places the overall sales during the two series of sales at an unprecedented $1.78 billion.  “We’ve seen a trend over the last few years where clients are going into hard assets, from real estate to art, which is a neutral currency,†says Citi Bank head of art advisory and finance, Suzanne Gyorgy.  “We continue to see U.S. collectors discretely buying at a high level.”
Read more at ForbesÂ
