Art update

Christie’s and Sotheby’s Results indicate "the art market is back"

According to sales reports released for the first half of this year, Christies sales are up 46% ($2.57B) and Sotheby’s sales are up 116% ($2.2B) compared to the companies’ totals last year for the same period. The Brody and Crichton collections proved that great works continue to inspire.  Both auction houses concur that robust earnings are due to the increase in Asian buyers.  See two artinfo articles below:

http://www.artinfo.com/news/story/35395/christies-claims-a-stellar-257-billion-first-half-beating-out-sothebys/

http://www.artinfo.com/news/story/35410/sothebys-claims-a-robust-first-half-tallying-22-billion/