Sotheby’s And Christie’s Go Back To Guaranteeing Minimum Prices

“[The two auction houses] all but gave up guarantees in late 2008, after the effects of the financial crisis spilled into the art market. … That auction house guarantees have come roaring back, despite the risks, is a reflection of the largely hidden turmoil in the art market.”

source ArtsJournal http://ift.tt/1I0brgc

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