Christie’s Tests the Art Market’s Strength Amid Coronavirus

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A week after a Sotheby’s sale revealed a healthy art market, rival Christie’s will offer its own test Friday when it live-streams a global auction

A week after a Sotheby’s sale revealed a healthy high-end art market, rival Christie’s will offer its own test Friday when it live-streams a global auction that could strengthen or shake collectors’ confidence.

Heading into this postponed spring series, collectors wanted reassurances that blue-chip art could still command predictable prices, despite the pandemic and volatility in the broader financial markets. Sotheby’s “rose to the crisis,” said art adviser Beverly Schreiber Jacoby, when its June 29 trio of online sales of...

 

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Yeah there’s 130,000 dead Americans from COVID but the wealthy are still buying art. It really goes to show how America is 2 different countries: the rich & everybody else

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