What the 2022 artwork auctions say concerning the market

The yr 2022 was a file yr on the highest ranges of the artwork market by way of collections coming into the market, costly work and public sale home gross sales. 

However, some specialists say that promoting on the decrease finish of the market is beginning to cool as fears of a US recession develop.

The costliest art work to promote at public sale this yr was Andy Warhol’s US$195 million portrait of Marilyn Monroe, titled “Shot Sage Blue Marilyn,” bought in May to the well-known artwork seller Larry Gagosian, who works on behalf of billionaire collectors, though it stays unclear whether or not . . .

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