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From Banksy to Beeple: Why art sales at auction houses have soared amid the pandemic


$25m
“For big fat capitalists, it has been an incredible year,” says
Belgian art collector and market watcher Alain Servais. “The S&P [stock market index] has grown by 100 per cent since the dip in March last year. Portfolios have been rising by about 10 per cent and 25 per cent. A lot of people have made a lot of money over the past 12 months.”
Belgian collector Alain Servais. Michel Loriaux
For the art market, the change is not only
that there is more money in the system, it’s that the money is coming from different places, and going to different artworks. ....

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