New Generation Of Collectors Tilts Art Market Towards The New

Spring auction season is almost upon us, and indications are that new will be the new old this year. “A decade ago the big money was primarily to be found in Impressionist and modern art. But during the next two weeks of back-to-back evening auctions, newer art is expected to be where hungry buyers will gravitate. Fueled in large part by a passionate group of multimillionaire hedge-fund managers, with deep pockets and a taste for the 20th and 21st centuries, they relish the competition of bidding at auction and will often pay whatever it takes to bring home the best.”