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Tom Friedman
Untitled (pedestal with flies)
2002
est. £50,000-£70,000
Phillips, de Pury & Co., London
Oct. 13, 2007
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ART MARKET GUIDE 2007
by Richard Polsky



With the 2007 fall auction season well under way -- the first big sales of contemporary art take place in London in less than a week -- the most frequently asked question continues to be, "Is this the season where prices for blue chip art finally stop going up?" The answer is no. What’s more likely to happen is that prices for works by younger artists, which appear in part two of the day sale sessions, are going to stop going up. In fact, they will probably go down or not sell at all.

...more