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Article: Market review: February's Impressionist and modern sales in London saw German expressionists take their turn to break records. Meanwhile, the inaugural art and antiques Dubai fair got off to a good start and Banksy did unexpectedly well in New York.(THE ART MARKET: NEWS, ANALYSIS AND PREVIEWS FOR COLLECTORS)(England)
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- Article date:
- April 1, 2008
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Copyright informationCOPYRIGHT 2008 Apollo Magazine Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[ILLUSTRATION OMITTED]
At the February sales in London it seemed that the appetite for major works of art had never been greater or more global--and that the auction estimate was well-nigh redundant as an indicator of value. It seemed, too, that the price chasm between the best and the rest is widening, a factor which may explain the number of over-priced bought-in lots.
This season it was Sotheby's that seemed best to gauge the mood and taste of the day, with its tight and perfectly pitched Impressionist and Modern Art evening sale of 5 February, which realised a record 166m [pounds sterling], the auction-house's highest ever sale total in Europe. Whereas Christie's ...
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