{"id":23373,"date":"2016-03-07T15:52:40","date_gmt":"2016-03-07T20:52:40","guid":{"rendered":"https:\/\/rehs.com\/blog\/?p=23373"},"modified":"2023-12-28T05:10:20","modified_gmt":"2023-12-28T10:10:20","slug":"auction-houses-report-falling-profits-as-value-of-even-picassos-tumble","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/","title":{"rendered":"Auction houses report falling profits as value of even Picassos tumble"},"content":{"rendered":"<p>Personally, I think it is way too early in the season to determine if the upper end of the art market it correcting. \u00a0The &#8216;all knowing experts&#8217; are basing their comments on one set of sales &#8230; and we all know that these sales did not include a lot of really important works. \u00a0In addition, we just finished a series of shows in LA, Palm Beach and Naples\u00a0and the results were pretty strong &#8230; over 40 works found new homes.<\/p>\n<p>&nbsp;<\/p>\n<p>Only time will tell what the health of the art market really is &#8230; and keep in mind that just because the upper level of the Contemporary or Impressionist markets may fall flat or correct, does not mean that mid level or other markets will follow. \u00a0There was great price appreciation at the upper levels and it may be time for other parts of the market to catch up. \u00a0For the full article, click <a href=\"http:\/\/www.dailymail.co.uk\/news\/article-3478327\/Have-art-prices-PEAKED-Auction-houses-report-falling-profits-value-Picassos-tumble.html\">HERE<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div style=\"width: 320px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.dailymail.co.uk\/news\/article-3478327\/Have-art-prices-PEAKED-Auction-houses-report-falling-profits-value-Picassos-tumble.html\"><img decoding=\"async\" class=\"\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2016\/03\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg\" alt=\"31E5E1BC00000578-0-image-a-2_1457207054860\" width=\"310\" height=\"186\" \/><\/a><p class=\"wp-caption-text\">Picasso &#8220;Tete de Femme&#8221;<\/p><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Personally, I think it is way too early in the season to determine if the upper end of the art market it correcting. \u00a0The &#8216;all knowing experts&#8217; are basing their comments on one set of sales &#8230; and we all &hellip; <a href=\"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[20,11,9],"class_list":["post-23373","post","type-post","status-publish","format-standard","hentry","category-rehs-galleries","category-rehs-contemporary","tag-auction-results","tag-rehs-contemporary-news","tag-rehs-galleries-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.8 (Yoast SEO v28.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Auction Houses Report Falling Profits As Value Of Even Picassos Tumble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auction houses report falling profits as value of even Picassos tumble\" \/>\n<meta property=\"og:description\" content=\"Personally, I think it is way too early in the season to determine if the upper end of the art market it correcting. \u00a0The &#8216;all knowing experts&#8217; are basing their comments on one set of sales &#8230; and we all &hellip; More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-07T20:52:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-28T10:10:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2016\/03\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg\" \/>\n<meta name=\"author\" content=\"Lance Rehs\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lance Rehs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/\"},\"author\":{\"name\":\"Lance Rehs\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/34db584ffbf0cf54c708ff5baf53e611\"},\"headline\":\"Auction houses report falling profits as value of even Picassos tumble\",\"datePublished\":\"2016-03-07T20:52:40+00:00\",\"dateModified\":\"2023-12-28T10:10:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/\"},\"wordCount\":178,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2016\\\/03\\\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg\",\"keywords\":[\"Auction Results\",\"Rehs Contemporary - Art World News\",\"Rehs Galleries - Art World News\"],\"articleSection\":[\"Rehs 19th &amp; 20th\",\"Rehs Contemporary\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/\",\"name\":\"Auction Houses Report Falling Profits As Value Of Even Picassos Tumble\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2016\\\/03\\\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg\",\"datePublished\":\"2016-03-07T20:52:40+00:00\",\"dateModified\":\"2023-12-28T10:10:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/#primaryimage\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2016\\\/03\\\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg\",\"contentUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2016\\\/03\\\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2016\\\/03\\\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Auction houses report falling profits as value of even Picassos tumble\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#website\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\",\"name\":\"Rehs Galleries\",\"description\":\"Offering and acquiring high quality paintings in excellent condition. Family owned and operated for more than 80 years!\",\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/rehs.com\\\/eng\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\",\"name\":\"Rehs Galleries\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2015\\\/02\\\/indexlogo.jpg\",\"contentUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2015\\\/02\\\/indexlogo.jpg\",\"width\":153,\"height\":85,\"caption\":\"Rehs Galleries\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/RehsGalleriesInc\",\"https:\\\/\\\/x.com\\\/rehsgalleries\",\"https:\\\/\\\/www.instagram.com\\\/rehsgalleries\\\/?hl=en\",\"https:\\\/\\\/www.facebook.com\\\/rehscontemporary\\\/\",\"https:\\\/\\\/twitter.com\\\/rehscgi\",\"https:\\\/\\\/www.instagram.com\\\/rehscontemporary\\\/?hl=en\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/34db584ffbf0cf54c708ff5baf53e611\",\"name\":\"Lance Rehs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/11eb0099eeb151dca92214ac40a59a3499eb81271a954494e95d23c2826a54bc?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/11eb0099eeb151dca92214ac40a59a3499eb81271a954494e95d23c2826a54bc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/11eb0099eeb151dca92214ac40a59a3499eb81271a954494e95d23c2826a54bc?s=96&d=mm&r=g\",\"caption\":\"Lance Rehs\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Auction Houses Report Falling Profits As Value Of Even Picassos Tumble","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/","og_locale":"en_US","og_type":"article","og_title":"Auction houses report falling profits as value of even Picassos tumble","og_description":"Personally, I think it is way too early in the season to determine if the upper end of the art market it correcting. \u00a0The &#8216;all knowing experts&#8217; are basing their comments on one set of sales &#8230; and we all &hellip; More...","og_url":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/","og_site_name":"Rehs Galleries","article_publisher":"https:\/\/www.facebook.com\/RehsGalleriesInc","article_published_time":"2016-03-07T20:52:40+00:00","article_modified_time":"2023-12-28T10:10:20+00:00","og_image":[{"url":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2016\/03\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg","type":"","width":"","height":""}],"author":"Lance Rehs","twitter_misc":{"Written by":"Lance Rehs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/#article","isPartOf":{"@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/"},"author":{"name":"Lance Rehs","@id":"https:\/\/rehs.com\/eng\/#\/schema\/person\/34db584ffbf0cf54c708ff5baf53e611"},"headline":"Auction houses report falling profits as value of even Picassos tumble","datePublished":"2016-03-07T20:52:40+00:00","dateModified":"2023-12-28T10:10:20+00:00","mainEntityOfPage":{"@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/"},"wordCount":178,"publisher":{"@id":"https:\/\/rehs.com\/eng\/#organization"},"image":{"@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/#primaryimage"},"thumbnailUrl":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2016\/03\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg","keywords":["Auction Results","Rehs Contemporary - Art World News","Rehs Galleries - Art World News"],"articleSection":["Rehs 19th &amp; 20th","Rehs Contemporary"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/","url":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/","name":"Auction Houses Report Falling Profits As Value Of Even Picassos Tumble","isPartOf":{"@id":"https:\/\/rehs.com\/eng\/#website"},"primaryImageOfPage":{"@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/#primaryimage"},"image":{"@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/#primaryimage"},"thumbnailUrl":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2016\/03\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg","datePublished":"2016-03-07T20:52:40+00:00","dateModified":"2023-12-28T10:10:20+00:00","breadcrumb":{"@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/#primaryimage","url":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2016\/03\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg","contentUrl":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2016\/03\/31E5E1BC00000578-0-image-a-2_1457207054860.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/rehs.com\/eng\/2016\/03\/auction-houses-report-falling-profits-as-value-of-even-picassos-tumble\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/rehs.com\/eng\/"},{"@type":"ListItem","position":2,"name":"Auction houses report falling profits as value of even Picassos tumble"}]},{"@type":"WebSite","@id":"https:\/\/rehs.com\/eng\/#website","url":"https:\/\/rehs.com\/eng\/","name":"Rehs Galleries","description":"Offering and acquiring high quality paintings in excellent condition. Family owned and operated for more than 80 years!","publisher":{"@id":"https:\/\/rehs.com\/eng\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/rehs.com\/eng\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/rehs.com\/eng\/#organization","name":"Rehs Galleries","url":"https:\/\/rehs.com\/eng\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rehs.com\/eng\/#\/schema\/logo\/image\/","url":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2015\/02\/indexlogo.jpg","contentUrl":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2015\/02\/indexlogo.jpg","width":153,"height":85,"caption":"Rehs Galleries"},"image":{"@id":"https:\/\/rehs.com\/eng\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/RehsGalleriesInc","https:\/\/x.com\/rehsgalleries","https:\/\/www.instagram.com\/rehsgalleries\/?hl=en","https:\/\/www.facebook.com\/rehscontemporary\/","https:\/\/twitter.com\/rehscgi","https:\/\/www.instagram.com\/rehscontemporary\/?hl=en"]},{"@type":"Person","@id":"https:\/\/rehs.com\/eng\/#\/schema\/person\/34db584ffbf0cf54c708ff5baf53e611","name":"Lance Rehs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/11eb0099eeb151dca92214ac40a59a3499eb81271a954494e95d23c2826a54bc?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/11eb0099eeb151dca92214ac40a59a3499eb81271a954494e95d23c2826a54bc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/11eb0099eeb151dca92214ac40a59a3499eb81271a954494e95d23c2826a54bc?s=96&d=mm&r=g","caption":"Lance Rehs"}}]}},"_links":{"self":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/23373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/comments?post=23373"}],"version-history":[{"count":2,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/23373\/revisions"}],"predecessor-version":[{"id":49706,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/23373\/revisions\/49706"}],"wp:attachment":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/media?parent=23373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/categories?post=23373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/tags?post=23373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}