Financial Times FT.com

Financial markets turmoil weighs on art sales

By Deborah Brewster in New York

Published: November 5 2007 02:00 | Last updated: November 5 2007 02:00

The ascent of art prices is starting to slow after a decade of rapid growth as another blockbuster round of sales kicks off this week.

Collectors are expected to buy up to $2bn (£957m) in Impressionist, modern, postwar and contemporary art at the auctions, which begin tomorrow in New York. The amount, if realised, would be almost three times that of two years ago.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this