Mark TANSEY

The month of May, with New York’s prestige spring sales, is always a key moment for the international art market. Last year, the city generated no less than 1.9 billion dollars in just one week, of which 49% was hammered by Christie’s, 41% by Sotheby’s and 6% by Phillips. This year, the art auction market […]

At the finish line of the major November sales the American auction company, Sotheby’s, confirmed its leadership of the Impressionist & Modern segment with its best-ever sales total of $422.1 million including fees

As expected, auction revenue figures for contemporary artists in 2009 contracted quite substantially (divided by 14 in the case of Damien Hirst, and by 3 in the case of Jeff Koons). However, for all that, the market is not in bad condition. The loss of the speculative element has essentially allowed prices to settle back to 2004 levels.