OLD MASTERS AND EUROPEAN BIDDERS

An interesting trend emerged at Christie’s successful old master auction this week (during which a Rembrandt portrait sold for $28.6 million): “British and European bidders accounted for 82.5 percent of the buyers, while Americans made up only 15 percent. For a while now, we’ve been hearing that New York was becoming the center of the old master market, but this is not the case.” – New York Times