ART MARKET WATCH
by Stewart Waltzer
With only 50 lots in the sale and some lots sub-prime, observers at Christie’s big sale of Impressionist and modern art on May 6, 2009, could have expected a dull evening, particularly after yesterday’s barely credible sale at Sotheby’s. But this wasn’t the case. Christie’s ran a brisk, rat-a-tat auction that hammered down numerous lots at very high prices. It did not feel like a recession. The room was packed. It was not brilliant; better, it was business as usual.