Auctions Show Signs of Being Squeezed by Scarcity – More from Melikian on the recent London sales and the lack of high quality material coming to the market. This is happening in many areas of the art market (we are seeing this in the 19th century market) and it if it continues, the main salerooms may need to reconsider the number of sales they have each year. Having ‘important’ sale in both NY and London within 4 weeks of each other may be too much … but we shall see.
Camille Pissarro’s “Effet de neige à Montfoucault”