Wednesday, May 06, 2009

Advice to collectors

Good works still achieve good prices.

Last night in New York the Sotheby’s sale, with its meager 36 works, was hoping to bring in a minimum of $81.5 million. It managed $61.3 million. This compares with 45 lots auctioned six months ago for $223.8 million. On a brighter note, the stunning Mondrian, estimated at between $3million and 5 million clocked $9.2 million.
Image: Tobias weaves his magic