Spring Market Jitters
May 9, 2008
A sigh of relief came at the big New York auction houses as the big painting auctions had results within estimates. The auction houses guaranteed results to their clients on lots valued over $10 million so if they failed to sell the auction house would still have to pay the client. Monet did well as well as contemporary works.
The regular antique show business will start showing the effects of the high gas prices as the big Brimfiled outdoor antique shows take place this week in Brimfield, Massachusetts. The dealers I have spoke are definitely nervous about it.
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