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Hot or Not? Christie's Auction Confuses

February 17, 2011 by Marion Maneker

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.”

Gagosian Buys Warhol Self Portrait for $17.4 Million at Christie’s London (Bloomberg)

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Filed Under: Auction Results

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