Modern art in the midst of crisis

[Meister]

Frosya already noted in the topic about the auction "Impressionism and Modern art", that the contemporary art auction at Sotheby's yesterday went to cheer. I decided to create this new topic, so as not to spoil the beauty.

To my regret, the auctions were very successful, from 27 sold 25 lots in the amount of 17.8 million pounds.

Highlights: Richter bought above the upper estimate of 2.1 million pounds, Manzoni for some crazy 505 thousand pounds, though fortunately Fontana bought for 4.4 million, which is below the lower estimate. although I would like to see it was just 4.4 pounds without the thousands and millions. ))

Anish Kapoor bought nearly twice the lower estimate of 987 thousand pounds. Warhol, as usual, was popular - for 3 self-portrait 30x30 paid 892 thousand pounds. skunk bought for 2.8 million, it is generally trash any. But as well as 315 thousand pounds for an Indian, Rashid Rana, who is personally known to me at all.

Summing up, the auction was more than successful, exceeding the upper estimate: and an unprecedented percentage of sold items. To me it's sad, I was hoping that it would fail in a crisis, but apparently were those who were willing to support it, or vice versa newcomers are buying everything.

[Кирилл Сызранский]

qwerty: "It seems, indeed, the auction had a lot of new investors."
fross: "The joy of such a successful past auction darkens only a presentiment of some impending financial disaster which apparently someone already knows."
I do still do not understand, but most would agree with Meister: "Well, Who knew that the people so sharply senses ... it was expected that this process will take some more time)) as they once realized and that the art - it is their only chance to survive). "
What? Cute, a positive vision ... It is an explanation of success in the past auctions, the two oldest houses like.

[Meister]

Сообщение от Cyril Syzransky

I'm such an explanation successes in the past two oldest auction houses like.

and me)) but I say this with irony ... and probably agree with Frosya ... people now flood-free money into the art market and was quiet for a while ... will turn around only the real thing ...

[Кирилл Сызранский]

Meister, but we'll see. Everything happens so fast ... In early September, it was all normal, then a wave of rumors, uncanny predictions, a pause, "Analytical Review" about the death of the antique market, the reduction personnels auction houses ...
Let's see, this is becoming really interesting and even fun!