“There was cooling, a lot of cooling last night,” Kim Heirston says of the $284 million Sotheby’s Live-stream Evening auction held on October 28th. Speaking at Spring Studios for Art Market Monitor and ARTnews Live’s Auction Reaction video Heirston continued, “you can spin it any way you want but there was cooling. It was admirably dealt with and looked better in the end but there was legitimately a lot of bullets dodged.”
“Everything has changed but nothing has changed,” says Koji Inoue, International Senior Director of Postwar and Contemporary Art at Hauser & Wirth, adds in the video, “in the sense that the way we are interacting has changed.” The new format of live-stream sales hasn’t changed “the structure of the sales, the balance and the works that are there.”
“When the right material comes to market,” Inoue continues, “the buyers are there.”Continue Reading