Saturday, January 29, 2011

2010, bad for a lot of people, outstanding for top-level Art.

While millions fret about their jobs, or lack thereof, and governments teeter as they slash expenditures, Christie's reported sales of $5.3 billion dollars for 2010,  a 53%  increase over 2009 (!), and the highest-ever in the Auction House's history. Sotheby's sales report a similar increase over 2009. Buyers for this caliber Art saw opportunity and acted. The entry of wealthy Chinese industrialists into the market has helped drive prices and volume up.

--- Luis

[From the Australian. ]

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