Taking The Temp Of The Art Auction Market

“While prices for the best works seemed high and bidding was often deep, the volume of sales — nearly $600 million between the two companies — was vastly diminished from a year ago, when Sotheby’s and Christie’s sold a combined $729 million or two years ago when the market peaked at $1.6 billion. But the relief that prices are crawling back up was palpable.”