Archive for the art sales Tag

The End of the Art Boom? Christie’s and Sotheby’s Report Losses

Sombre sales at Sotheby’s and Christie’s mark end of art boom, says the FT. “However, (Sotheby’s) managed to sell its star piece, an abstract work by Kazimir Malevich, for $53m – $60m after the buyers’ premium – after securing an irrevocable bid for the work. It had estimated it would sell for about $60m…” Kazimir Malevich, Suprematist composition (blue rectangle
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