The mechanisms and secrets of the art auction market revealed by our press agency.
No surprise in London
[
29 Jun
]
The results of the Impressionist & Modern sales in London last week were without surprise (except for the withdrawal of Camille PISSARRO’s, Le Quai Malaquais) and made the era of 8-figure auction results an even more distant memory. Both auction houses generated eight sales above the $1m line. The bought-in rate was not identical however: 15% at Sotheby’s (out of 27 lots presented) and 32% at Christie’s (out of 45 lots offered).
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