Temperature Rising in Old Master Drawings

International Herald Tribune | January 27, 2001| | Copyright

Souren Melikian
International Herald Tribune
01-27-2001
As supplies keep shrinking to the point where even the staunchest optimists are no longer able to deny the obvious: The temperature rises ever higher in the art market. At Sotheby's sale of Old Master drawings on Tuesday and at Christie's on Wednesday, unheard of prices were paid at the very moment when the new U.S. administration kept reiterating the fears of a possible recession, proving that the rules that govern the economy as a whole are not necessarily relevant here. Some dizzying world records in both sales sum up the ...

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