Risk Is Rising in Old Masters Game

International Herald Tribune | July 12, 1997| | Copyright

Souren Melikian
International Herald Tribune
07-12-1997
The turmoil is growing on the art market. As the scramble for the uppermost layer of what is desirable intensifies, leading to sales records, the excitement increases, as do the risks for the new buyers who bring in huge amounts of cash.

The latest tidal wave has hit Old Masters, the one field in which important works, long forgotten, still creep out of the woodwork, giving it the stimulus of novelty. The effect was spectacular at Sotheby's on July 3.

Even the best-trained art lovers do not have visual memories that go as far back as ...

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