“Art has gotten so expensive, across the board. And when you’re talking about works that are $2 million, $5 million, $10 million, there’s just not that many buyers out there. Once someone has their de Kooning, they don’t necessarily want to buy another.”
Auction prices for fine art are falling: It s been coming for a while pilotonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pilotonline.com Daily Mail and Mail on Sunday newspapers.
Amid high inflation and low inventory, the art market correction appears to have landed. If it wasn’t a trophy, it probably struggled to command a high price.