A chaotic market in times of scarcity Odd Impressionist and Modern sales International Herald Tribune | June 25, 2005| | . Provided by ProQuest LLC. (Hide copyright information) Copyright

Souren Melikian
International Herald Tribune
06-25-2005
The shortage of goods is having a perverse effect on any market. In Impressionist and Modern art, it is both a cause of strength and weakness, making it increasingly hard for all but shrewd professionals to know how to operate. Any beginner could have been excused this week for being favorably impressed by the trend that sends some pictures climbing to new world records as a result of scarcity. Major Impressionist works having vanished, attention switched to the avant-garde movements that followed. On Monday night at Sotheby's, ...

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