Dozens of new records were set at the historic auction of the Elizabeth Taylor Collection December 13-17. This crowned two years of historic new price records for all types of art, all around the world.
The momentum began with the auction of Alberto Giacommetti’s “Walking Man I” for $104 million at Sothebys-London in February 2010. The sale remains the highest auction price for sculpture, but a new record for art at auction was reached just three months later with the sale of Picasso’s painting “Nude, Green Leaves and Bust.”
New artist and category records have continued to impress the art world almost daily ever since.
Research indicates that art market prices will continue to increase for several years and that art organizations need to plan ahead for this.
One important trend is “White Glove Auctions.” These are auctions at which every single work offered for sale is sold. While they used to be rare, this phenomenon accelerated at the auctions of photographs by Richard Avedon in Paris in November 2010 and drawings by Egon Schiele and Gustav Klimt in December 2010. Read the rest of this entry »
Popularity: 11%














