El optimismo en las subastas se mantiene

Art MarketInsight [Feb 2010] Art investment Contemporary Art sales in London: excellent results [Feb 10] With a total revenue figure up 255% compared with February 2009, Christie’s and Sotheby’s Contemporary Art sales have confirmed the recovery of the top end of the art market (combined revenue of $79,5m in February 2010 vs. £22.3m from the same sales in 2009). Major works are once again flowing into auction rooms and after eighteen months the high end of the art market has emerged from a relatively short period of purgatory hibernation. But while the top-end of the market is congratulating itself that “confidence has returned”, the middle-market remains hesitant and suspicious of a general rise in prices driven by a handful of exceptional results. Incidentally, 42% of our AMCI respondents believe that art prices will rise over the next three months.