The Art Market will be bullish until 2008

The Art Market will be bullish until 2008

On consecutive evenings last week auction records tumbled as Christie’s and then Sotheby’s hosted their summer sales of Contemporary Art.

Art Market Review, Contemporary Art, Sotheby’s, June 2007

Anticipated in the press as the most successful sales to take place in London, June’s Impressionist and Modern Art auctions at Sotheby’s and Christie’s spectacularly lived up to their billing. While New York remains the centre of the market–as evidenced by the extraordinary totals achieved there last May–London is fast gaining on its New World rival and the buoyancy of the market has meant collectors are offering for sale works of outstanding quality by artists such as Monet, Matisse, Renoir, Rodin and Picasso.

Art Market Review, Impressionist and Modern Art, Sotheby’s, June 2007
Post by Peter