christie s. a month: Will art auctions survive in a post-Covid world? This $32 mn dinosaur sold by Christie's has the answer
By James Tarmy During a lovely spring week in May 2019, in what now feels like the halcyon days of pre-Covid life, seven paintings and three sculptures sold for a brisk $605 million. Flash forward to this year, when it took 12 months and a 67-million-year-old dinosaur to amass top 10 results that still only managed to total $408 million. To be clear: The top of the auction market is never a great indicator of how the art market is doing; it’s like trying to gauge the strength of the U.S. car market by looking at Bugatti sales. This has always been true, and it’s particularly salient durin...
Source: indiatimes.com