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'Sure Value' & 'Global Icons'

May 2, 2011 by Marion Maneker

Bloomberg’s Katya Kazakina takes the temperature of the art market on the eve of the big sales:

  • “[M[arket sentiment is very strong,” said New York dealer Christophe van de Weghe. “There are a lot of new buyers who want to get into the game. They like sure value.”
  • “Buyers are looking for global icons,” said Tobias Meyer, Sotheby’s worldwide head of contemporary art. “Something they can show on their iPhones and people will recognize it.”

Cohen’s ‘Liz,’ $10 Million Teddy Bear Add Sizzle to $1.4 Billion Art Sales (Bloomberg)

 

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Filed Under: General

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