Art Market Continues To Boom With Record Turner Sale

A Venice landscape painted by JMW Turner sold in New York this week for $35.9 million, bringing 80% more than its expected sale price and shattering the record for British paintings sold at auction. “The sale shows that the worldwide boom in the art market is lifting prices in almost all sectors of art… The Turner sale reflects the continued strength of the US market, which has led London and Paris in pushing up prices.”