The Auction Tango
A collector on whose behalf I am about to bid at auction just posed the following question: how many years back has the art market now retreated? To provide a satisfactory answer, one would have to do a formal statistical analysis, for which I have neither the tools, time, nor inclination. Shooting from the hip, most people last November were saying 2006, and the market has certainly improved and partially stabilized since then, at least for the time being. Having just perused representative auction catalogues from years past, I fear that 2005 is closer to the mark on average for Picasso prints. But, mostly, I find it impossible to generalize in any meaningful way, because Picassos of different media and […]