Sotheby’s was looking for some action in Latin American art last night. They got plenty of it though maybe not enough after the power of the Contemporary sales earlier in the month, according to Reuters:
Sotheby’s expects about $20.7 million to $28.7 million in Latin American art sales on Tuesday and Wednesday.
“We saw $1.5 billion in Impressionist and contemporary art sold in barely two weeks in New York (this month),” said Axel Stein, Latin American art chief at Sotheby’s. “That doesn’t mean necessarily that manna will a rain on us directly, but it almost assures we won’t have just normal or negative sales.”
High hopes for Latin American art auction amid buoyant market (Chicago Tribune)