Colin Gleadell offers a counter narrative to the auction contraction story by citing dealer Thaddaeus Ropac who echoes other private sellers like Kenny Schachter in claiming there has been a great deal of activity on the private market recently:
“Yes, the auctions were not the same as last year,” he said. “But I had a sense the market was ok. I can’t understand why the press has been discussing a crash in the art market. I’ve had the best January ever in my galleries.”
Art Sales: what goes up must come down? (Telegraph)
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Schachter: Up Close, Warhol Market Is Just Fine
What Motivates A Bidder? The Debate Over Revealing Auction Reserves
