Christie’s Tests the Art Market’s Strength Amid Coronavirus

[ad_1]

A week after a Sotheby’s sale revealed a healthy art market, rival Christie’s will offer its own test Friday when it live-streams a global auction that could strengthen or shake collectors’ confidence.

Heading into this postponed spring series, collectors wanted reassurances that blue-chip art could still command predictable prices, despite the pandemic and volatility in the broader…

Christie’s Tests the Art Market’s Strength Amid Coronavirus

[ad_1]

A week after a Sotheby’s sale revealed a healthy art market, rival Christie’s will offer its own test Friday when it live-streams a global auction that could strengthen or shake collectors’ confidence.

Heading into this postponed spring series, collectors wanted reassurances that blue-chip art could still command predictable prices, despite the pandemic and volatility in the broader…

Will Anyone Bid $60 Million Online for a Painting?

[ad_1]

No one has ever gone online to buy a $60 million work of art, but that is precisely what Sotheby’s hopes happens when the New York auction house conducts its biggest sales of the season in an experimental, telethon-like format.

This year, the pandemic prevented Sotheby’s from inviting several hundred bidders into its Upper East Side saleroom as it does every spring. Instead, the house…