ART MARKET WATCH
June 27, 2008JUNE SALES IN LONDON: LOOKING GOOD
As the gallery and museum world prepare for the long lazy summer with a slew of new shows opening in June, the major auction houses close out the season with a string of very high-key modern and contemporary auctions in London. Christieís and Sothebyís both held sales of Impressionist art this week, which demonstrated that the top end of the art market remains blithely unaffected (as yet?) by the downturn in the U.S. financial sector.