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Art

Fewer big ticket items means lower sales for Sotheby's and Christie's.

Clare McAndrew seances aside, public information disclosed in quarterly and semi annual reports to the SEC are closer to the truth than Eurofiction.

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Sotheby’s sold $3.1 billion of art during the first half of the year, a 10% drop from the year-earlier period and a sign that the art market could be hitting speed bumps after several zippy seasons.

Collectors are still chasing hard after middle-market pieces priced under $20 million, but market watchers said fewer appear willing to ante up for the $100 million-plus trophy pieces that once piqued the interest of top collectors the world over. The auction house said concerns over Brexit also took a toll.

To read more on The Wall Street Journal:

https://www.wsj.com/articles/art-sales-decline-at-sothebys-11564527153

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You may also like to read:

* The two mystery paintings that sunk Sotheby's stock

* Shed No Tears For Christie's

* Right vs Wrong in illustration

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AAD REPORTS

AAD REPORTS

AAD REPORTS   Reports, news and opinion from Art-Antiques-Design.com