Tuesday, October 06, 2009

Auction houses adjust with the times

The personal view of UK journalist for artknows is that there is currently a steady transformation of the big international fine art auction houses changing to private dealerships as power shifts from seller to buyer. This suggests that the days when one could look to the auction arena for a relatively reliable indication of market activity are drawing to a close. The fall of the Lehman Brothers last year exacerbated this ongoing trend and has consequently forced auctioneers into conducting more and more private transactions.


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