Art prices set to rise after London auctions
Published June 27th, 2006
Auction Blogs
Prices for works by Andy Warhol, David Hockney, Egon Schiele and other artists may rise after last week’s London auctions raised about 293 million pounds ($533 million), almost double year-earlier totals.
Art dealers track auctions as a guide to setting prices. London dealer Gul Coskun said she’ll charge more for Warhol’s guns and Marilyn Monroes after last week’s results. New York dealer Marc Glimcher of PaceWildenstein sold a Willem de Kooning painting for $15.5 million at Switzerland’s Art Basel fair on June 13, reflecting May auction prices for the artist.
Related Articles Christies First-Half Auctions Rise 30% to 1.61 Billion PoundsChristies auction totals rise 36 percentUsed car prices rise claims ManheimUK house prices continue upwardsSutton Kersh see 20% revenue rise
