Three drawings by Spain's Francisco de Goya, presumed lost for 130 years, have fetched more than £4m at Christie's auction in London.
Useful links:
www.christies.com
http://news.bbc.co.uk/2/hi/entertainment/7496947.stm
The art market comes to the fore when there’s a lot of discretionary spending. Collectors are competing with each other. The prices of art accelerate. The age of the most expensive artists drops. There’s a great flowering. Schadenfreude starts building up. And then it crumbles erratically.
- Marc Glimcher
Correction. Contraction. Crash.
This market is fueled by collectors who have never been through a correction. The generations who did are watching this with disbelief. It’s like teenagers who have unprotected sex thinking they’ll never get pregnant. And then, whoops . . . look what happened!
- Darlene Lutz
How true!
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