The Wall Street Journal and International Herald Tribune Call the Action

By now you’ve no doubt heard that the Art market took a beating this past weekend in London but came out better than the financial markets all around it. Souren Melikian narrates the blow-by-blow at Christie’s and Sotheby’s. Kelly Crow comes up with some good quotes from collectors and dealers: “People are just being so cautious,” says Roberto Annicchiarico, a Milan-based dealer. “Before, collectors had to take whatever art they could get from dealers and auction houses, but now those collectors are saying, ‘Kneel down and ask nicely.’ ”

Not a Pretty Picture at Auctions (Wall Street Journal)

Art market stumbles on at contemporary sales (International Herald Tribune)