27 July 2016

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Christie’s Suffers A 38% Mid-Year Sales Slump Signalling Art Market Contraction

The mid-year reports from Christie’s has shown a 38% drop in sales illustrating a contraction in the buoyant art market. The Wall Street Journal released figures which pointed to an increase in sales of artworks in the $5 million-or-below range, but a slowdown in the $20 million and up categories resulting in a drop in overall sales figures, compared to […]