Warhol down, Richter up
February 20 2017
Picture: Christie's
So says Marion Maneker at Art Market Monitor:
The 74% fall in sales volume is both dramatic and unsettling, especially when no serious participant in the art market will say that demand for Warhol has diminished. The dislocation of supply, caused by the rapid rise of art values from 2010-2015, is probably the reason for Warhol's market absence. Still, without significant works by Warhol on the block, there is a question of market leadership.
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