Archive for May, 2015

Henry Wyndham brings down the hammer at Sotheby's

Sotheby’s riding high for now… but looking vulnerable

May 21st, 2015 | By

I have written elsewhere about Sotheby’s share price being a leading indicator for the general health of the art market and indeed for the stock market in general.  See http://www.russianartdealer.com/journal/aggressive-activist-investors-shake-sothebys-spears-wms-magazine/ The following article written by James Stefurak for Seeking Alpha is an in-depth examination of Sotheby’s, its share price, and the general health of the art
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Jussi Pylkkanen auctions the Picasso in New York

Money cascades into the Art Market

May 18th, 2015 | By

Christie’s, Sotheby’s and Phillips modernist works sales last week topped US$2.5bn with more fast money chasing art than at any time since 2008. Picasso’s Women of Algiers made a new auction record for a work of art of US$179m. Giacometti’s life-size sculpture L’homme au doigt sold for US$141.3m confirming that sculpture has now achieved the
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