Art sales are bringing in less money than expected even at such prestigious brow auctions as Sotheby's. As the financial crisis bites, buyers are cautious about investing in art. Collectors say prices are at a two-year low, and still have further to fall.
Better lower those reserves! Christies and Sotheby's will have a rough go for at least a few years. IMHO it wouldn't hurt them to eat some humble pie.
dksculpture 3 years ago
first!
aveckillz 3 years ago