And The Next Item Is …

December 7, 2008

princeAt Christies in Paris on Tuesday, there is the next chance to measure the current health of the Post-War and Contemporary Art market.

This is an interesting “retail” level sale with only one lot, Richard Prince’s The taming of nurse Conway ($2.5 million to $3.8 million) estimated to fetch more than $900,000.  Of the 229 lots, only 55 have pre-sale estimates higher than $100,000.

It would seem to me that this is smaller collector and institutional territory.  Will we see a pull-back in this market, too?