Art Market Watch
Oct. 31, 2005LONDON ART AUCTIONS, THE PRICES ARE INSANE
Last week’s contemporary auctions in London, newly scheduled to coincide with "Frieze Week," named after the Frieze Art Fair
and accompanying events, hit astonishing price levels with artist after artist. It would seem that the favorable rate of exchange -- £1 = $1.77 -- convinced consignors to take their property to London, and certainly helped boost the totals in dollars.