Robust Sales at Sotheby’s, Phillips Suggest Art Market Upswing

The May 19 evening sales at top auction houses Sotheby’s and Phillips pulled in a combined $419.1 million, seeming to signal that the hitherto softening contemporary and modern art market is beginning to firm up again. Led by the record-breaking sale of a $48.4 million Matisse, the Sotheby’s evening sale took in $303.9 million, about […]