John Nicholson’s sale last week was very sombre, low prices and not much selling. Christie’s Asian art sale today was a shocker, the whole sale only netted £2 million.
Looks like the party may be over, thank god! A lot of underhanded auction houses certainly made a lot of money and in the process have brought the market to its knees.
We will have to see how Bonhams & Sothebys play out this week to get an overall picture. Personally I hope the market is slowing as it will shake a lot of gamblers & fraudsters out of the market and close a good few auction houses around the country that are heavily into the bank (Building loans) on the back of their fake chinese antique sales figures. Glad I kept my head…
p.s. Do not worry too much – The good stuff will always sell 😉
