Sounds right.
And considering the state of things for most of us, it's arguably a
little gauche of Christies to be shouting about it.
Still, having to pay record prices for Picassos must hold its own kind
of suffering.
On 1 Feb 2011, at 23:06, Richard Halegua Comic Art wrote:
At 02:59 PM 2/1/2011, Todd Feiertag wrote:
For 2010 Christie's had it's best year in it's 245 year history
with over $5 Billion in sales.
http://www.antiquetrader.com/article/christies_2010_global_art_sales
At the same time I've never seen a worse year for movie posters
with many good ones going for pennies on the dollar.
Interesting, isn't it? Too much supply flooding the market and not
enough demand to absorb it all?
Todd
Todd, it's already widely reported that sales of Luxury Goods are at
an all time high. The reason is of course because the super-wealthy
are making greater amounts of money because all the companies they
have invested in laid off millions of employees in 2008+2009 haven't
hired these people back, and those they have hired back they've
gotten at bargain rate salaries because of course everyone who isn't
uber-wealthy is fearful of ever getting a job otherwise and will
take whatever they can get.
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