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Reply to "Art Enthusiast:"

Are we seeing an appetite change in the art world? Far too soon to know, and tomorrow night followed by an auction next week may just shed some light on a potential trend change.

While Giacometti did cover the reserve (barely) many others did not, including a Picasso and shockingly even a Modigliani. Both received $20M bids, but both failed to meet the set reserves. This coupled with a Kandinsky blowing the reserve out of the water by $7M+ is worthy of watching in my opinion.

Aberration or tipping point? We will have much more data by the end of next week.
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