Art sales in London this week may determine future of art market

Bloomberg is reporting that Sotheby’s and Christies both have guaranteed lots in this weeks London auctions. The big question is whether they will have buyers. Read the article here.

“There’s an awful lot riding on these sales in London and next month in New York,” said the London dealer Alan Hobart. “If they’re successful, confidence in the art market will be maintained. If not, people will pull out very quickly.”

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