Pursuits
In Gun-Shy Art Market, Bellwether Auctions Decline More Than 50%
- Major spring sales tally $1.1 billion in five days in New York
- Christie’s Impressionist and modern works total $141.5 million
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As auction houses wrapped up five days of sales in New York on Thursday, dealers were eager to point out the bright spots.
Records for major artists were set. Spirited bidding broke out when high-quality works had attractive estimates. Some collectors went on shopping sprees. And most auction totals reached their presale targets.