Souren Melikian of The New York Times must enjoy playing naysayer– he’s written the first article I’ve seen this week giving a positive spin on this week’s Modern and Impressionist sales at the major auction houses, Christie’s and Sotheby’s. When all else fails, assess the art market in terms of supply and demand! Click here for the complete article.
Pictured above is one of the big winners at the Christie’s sale, “Portrait of Madame M.” by Tamara De Lempicka, which sold for $6.1 million including buyer’s premium. Did you know Madonna is a huge fan and collector of her work? Huh.
And what’s more, Souren is one of the few art market comentators who knows what he’s talking about.