Sotheby's Evening sale is another chance for dealers to stock up; Did Tom Hill buy the Caravaggio for the Met?; Sneakers lead the way for art; Shake Shack started as a public art project.
This commentary by Marion Maneker is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)
In a Buyer’s Market, Treading Water Can Be a Success
The dealer buying continued in London last night at Sotheby’s where Per Skarstedt bought an important Albert Oehlen self portrait for £6.2m; Andrew Fabricant bought a Christopher Wool and two Stingels (one at Sotheby’s and a second today at Phillips); Timothy Taylor bought a Jenny Saville painting. That last one might have been for a client but the overall tenor of the sales was the trade taking advantage of opportunities.
Colin Gleadell (whom we failed to give credit to last week for identifying Robert Wylde as the Surrealist collector featured at Christie’s) makes the point that the swing bidding with the biggest effect was from collectors from the Middle East. He also points out the Oehlen market has finally broken open after several years of dealers promoting his work:
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