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Jasper Johns
Target
1974
$182,500
Sothebyís New York
May 1, 2009
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ART MARKET WATCH
by Deborah Ripley



The spring print auctions ended last week and prices continued to tumble. Unlike the fat catalogues of last fall, the offerings at both Christieís and Sothebyís were smaller -- Christieís 228-lot sale on Apr. 28 was its smallest since the art-market crash of 1989. Sothebyís two-day auction on Apr. 30 and May 1 featured 346 lots, substantially fewer than the 570 works offered in the six months ago.

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