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Disappointing 20thC Design Sales Bring in Just Shy of $18 million

All three auction houses held their 20th Century Design sales through the weekend. The results weren’t thrilling but they did validate Murray Moss’s prediction: “Prices continue to rise dramatically for great work, and to fall for what is deemed mediocre,” he said. “In short, the market is becoming more extreme - like the society that supports it.” His comments come from Alice Rawsthorn’s overview of the ‘design-art’ market published two weeks ago in the International Herald Tribune and a touch more recently in the NY Times. (Detailed results after the jump.) Read the rest of this entry »