Francisco de Goya Drawings

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!