Raw art Weblog

Art and much much more!

Art Sale Prices Plunge

plunge“The extent of the downturn, from $800 million to a final count of $470 million by Friday night, looked bad. Seven lots estimated to fetch more than $10 million each did not sell, and the total accumulated was the equivalent to the amount fetched in New York two and a half years ago. Nothing can obscure the fact that only 60 per cent of approximately 900 lots were sold, and the vast majority of these sold below their estimates – often by as much as 30 per cent.”

Via: The Telrgraphh (UK)

November 11, 2008 - Posted by | Uncategorized |

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: