The Art Market – A Robust Top End, But In The Middle?

“Christie’s and Sotheby’s, the world’s two top auctioneers, have just completed a series of summer sales in London that raised more than $1-billion, underlining how resilient the top end of the market is despite growing economic gloom. But falling share prices, inflationary pressures and rising costs of oil appear to be taking their toll on the middle market.”