Kenny Schachter was busy last week prowling the sales with his running buddy; who was bidding up Guyton and Stingel while deftly avoiding becoming an owner, according to Kenny. When not buying a Polke, Kenny was watching the day sales like a sniper:

From the Christie’s day sale, a recently bought Harold Ancart (Belgian, b. 1980) from 2014 with an estimate of $80,000-$120,000 (said to have been offered by Michael Ovitz) sold for a remarkable $750,500; his previous record was just shy of $100,000. Before the hammer fell, three Ancarts appeared on my phone for sale. Who said speculative flipping has flopped?

Schachter also has a small anecdote about the ways in which dealers are trying to keep their best works from getting ‘burned’ just by being offered:Continue Reading