An article in the New York Times reflects on the current state of the art market, and notes an increasing number of private sales as collectors seek to avoid commission fees and higher taxes.  “The auction houses have created some huge margins at the midlevel,” says collector Howard Rachofsky. “A lot of that trade is going to migrate to the private side.”

Read more at NYT

This entry was posted on Wednesday, January 4th, 2017 at 1:46 am and is filed under Art News, Minipost, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.