Art Market Watch
THE SPLIT IN THE MARKET
by Charlie Finch
Alone among auction observers, Souren Melikian of the International Herald Tribune
is predicting, in the wake of this month's record auction numbers in New York, a coming crash in the fine art auction market similar to the famous, long ago Japanese real estate bubble of 1989. Back then, coincidentally, Cy Twombly
doodle pieces were especially desirable, as they were last week.