Financial squeeze was inevitable for auction houses
http://www.iht.com/articles/2009/01/16/arts/melik17.1-407482.php
http://vernissage.tv/blog/2008/06/04/interview-with-ellsworth-kelly-art-39-basel-2008
Useful links:
www.sothebys.com
www.christies.com
www.phillipsdepury.com
www.matthewmarks.com
Thank you Souren for the insightful art market update. As you also rightly put it there are many who can read catalogues but cannot see art.
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