Scott Reyburn answers the question: what happened in London last night?
- “It’s a hard market to read,” London dealer Simon Lee said. “One minute an artist is hot, the next not. The mini- cycles turn quickly. Gerhard Richter remains strong, though.”
- “More wealthy people are diversifying their assets and putting 5 percent into art,” the Montreal-based collector Francois Odermatt said. “A lot more of them are buying for their own private museums. There’s now a market for big works.”