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London Wrap-Up

October 20, 2008 by Marion Maneker

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)

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Filed Under: Auction Results Tagged With: Christie's, Contemporary, London, Phillips de Pury, Sotheby's

About Marion Maneker

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