Art Market Update

Souren Melikian's opinion piece in the New York Times about the auction week at Sotheby's was interesting.

Bidders were prepared to go for anything, as long as the artists had achieved a degree of prominence. Buyers seemed eager to spend their money and obtain something tangible in exchange, however flimsy the aura surrounding the works might appear to be. Never before has contemporary art received such an unreserved financial accolade.
- Souren Melikian

Useful link:
www.sothebys.com