The Back Room: Recession Ready
This week: how to know when the art market is headed for a recession, early sales from Art Basel Miami Beach, a speculative bubble bursts, and much more.
Source: artnet.com
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This week: how to know when the art market is headed for a recession, early sales from Art Basel Miami Beach, a speculative bubble bursts, and much more.
Last week, we watched the market start to shift before our eyes. It's fair to say a correction to the speculative bonanza has arrived.
The late Microsoft cofounder's art collection is poised to bring in more than $1 billion—but there's at least $500 million worth leftover.
Christie's is revealing more detail about the artworks in the collection assembled by late billionaire Paul Allen.