A few trophy sales made headlines last week at the New York art auctions, including paintings from Edward Hopper and David Hockney that each sold for more than $90m. In total, Christie’s, Phillips and Sotheby’s sold close to $2bn worth of art during the week. But some marquee works also went unsold. So what do the sales signal about the mood among art collectors and investors? The FT’s Eric Platt reports on the auctions and the state of the art market.
Read Eric’s reporting here.
Contributors: Eric Platt, U.S. mergers & acquisitions correspondent. Producers: Jennifer Sigl and Aimee Keane.
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