Colin Gleadell does a little price comparison on last week’s Impressionist and Modern works and finds some unexpected winners and losers:
The sellers of these two sculptures [the $11.8m Rodin Thinker and the $4.2m Noguchi] did well, having bought the Rodin last year at a Paris sale $3.6 million, and the Noguchi in Philadelphia three years ago for $153,000.
Going from $153,000 to $4.2m in three years is an impressive return.
But such rewards are the result of opportunistic buying, not a reflection of general price movements, which vary. Continue Reading