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The Economy is Tanking. Why is Sotheby's Doing So Well?

Lee Rosenbaum Explains the Unpredictable Art Market

by Soterios Johnson

NEW YORK, NY May 19, 2008 —Even as the economy falters, the sales in contemporary art continue to skyrocket. Last week Sotheby's and Christie's auction houses broke records for sales in contemporary art . As the spring art auction season wraps up, critic Lee Rosenbaum explains what happened this unpredictable year.

Lee Rosenbaum's Blog

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