From the press (2)

The Economist - What crisis? (click here)
IHT - The dangerous game of pushing up prices higher and higher (click here)
Art News Blog - Hirst buys Bacon (click here)

Sotheby's stock crashes

A few days ago, Sotheby's had a "disappointing evening". The biggest failure was the buy-in of one of Van Gogh's last paintings. Yesterday, Sotheby's had to announce that it lost $14.6 million on auction guarantees at the sale. Last week's events led to a plunge of the Sotheby's stock.

Nuance gives way to shock

Souren Melikian comments on a shift in taste.

From the press

Artinfo - A Matisse goes for $33 million (click here).
The Economist - The modern art of finance (click here).
NY Times - Telltale art: fall auctions (click here).