Art prices likely to be hammered at NY auctions
http://www.ft.com/cms/s/0/bf0912c0-3829-11de-9211-00144feabdc0.html?nclick_check=1
We have cut our valuations 40-50 per cent since the start of the year. We have seen some absolute forced borrowing but everyone, rich and poor, is facing liquidity problems.
- Ian Peck
Useful links:
www.artcapitalgroup.com
www.sothebys.com
www.christies.com
Interesting review. We shall wait and see.
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