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Sunday, July 12, 2009

Art Market Update

Orientalist art. Great review. Two crucial lessons for vendors in recessionary market: don’t sell unless you have to, and don’t be greedy in setting estimates. If the low estimate is pitched at a high level, buyers sense greed in the air and tend to hold off from bidding. In a buyers’ market, purchasers like to feel they have got a bargain, especially if they are spending a lot of money. Spot on.

Useful links:
www.cantonart.org
www.sothebys.com
www.christies.com

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