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Jean-Michel Basquiat
Untitled (Leonardo and His Five Grotesque Heads)
1983
est. £400,000-£600,000
Sotheby’s London
Oct. 25, 2005
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INSIDE THE LONDON ART MARKET
by Joe La Placa


London has become the most dynamic city in today’s art market.

Although New York has dominated overall turnover since WWII, when it comes to market performance, London is putting the Big Apple to shame.

Turnover totals in the London auction market have risen an astronomical 93 percent since mid- 2001, compared to a mere 46 percent in New York over the same period.

...more