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A Tyrannosaurus skull unearthed in South Dakota, nicknamed "Maximus," sold for $6.1 million at Sotheby's Friday, a significant shortfall from its $15 million to $20 million estimate.
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.
From counting the underbidders at auction to watching the speculative bubbles burst, here’s what to look out for.
A De Kooning, estimated in excess of $35 million, failed to find a buyer, and several works were withdrawn before the auctions started.
After a leak revealed Sotheby's owner Patrick Drahi's extensive art purchases, some say he should have disclosed them earlier.