ART MARKET WATCH


Mar. 5, 2007

PRICES SOAR AT MID-SEASON SALES
Not too long ago, New York’s contemporary art market got its big shot of adrenalin twice a year, at the major May and November auctions. Now the "mid-season" sales make news as well, even when competing with the Armory Show and seven other fairs -- arguably the biggest concentration of contemporary art the city has ever seen. Prices given here include the buyer’s premium of 20 percent on the first $200,000 of the sale price and 12 percent on the remainder.

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