5 Takeaways From the Spring Art Auctions: $20 Million Is the New $50 Million
When Christie’s executives decided on the evening of the auction house’s contemporary art sales to withdraw its most expensive offering of the week, a squiggly-wiggly painting by the artist Brice Marden estimated to sell for $30 million to $50 million, it was evidence of apprehension in the market. “The choice to withdraw the Marden was…