The second leg of Sotheby’s sale of works from the collection of real estate magnate Harry Macklowe and his ex-wife Linda Macklowe has netted $246.1 million, bringing the total sale price for the collection to a record $922 million, with fees. “Either art is one of the few assets that seem to have a good immunological protection against recession, or inflation is much stronger than we think,” says specialist Loic Gouzer. “The art market feels very close to the spare parts market — good works are hard to find and very expensive.”

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This entry was posted on Tuesday, May 17th, 2022 at 11:47 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.