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The overbidding of auctions in New York

2021-11-18T18:28:10.886Z


STORY - After two crazy weeks, culminating in the historic Macklowe collection, the market is back to an all-time high. With new buyers from Asia and cryptocurrency investors.


It's as if nothing ever happened! The art market has obviously learned nothing from these two years of pandemic. Or not wanted to learn the lesson of resilience which would have prevented him from getting carried away again, inflating the bubble, by amplifying the old mechanisms of yesteryear. Frustrated at having been confined to the only show of the on-line, he left even more strongly, in recent weeks in New York, where the small world of auctions has rediscovered the pleasure of auction rooms, admittedly less crowded. But we counted 300 people all the same for the dispersion of the Macklowe collection having test value at Sotheby's, on November 15, under the hammer of Oliver Barker, bow tie and tuxedo jacket required, for an evening of great reunion.

See also

In New York, records broken at auction for Frida Kahlo and Pierre Soulages

The results reached price levels that had not been seen since the best times.

Namely those before 2008 stopped dead by the bankruptcy of Lehman Brothers.

Then those after 2014, with the records

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Source: lefigaro

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