New York, NY —
We’ve gotten used to hearing about sky-high art prices and the trend doesn’t seem to be slowing. At the end of last week, Sotheby’s auction house announced its mid year-sales figures and the numbers were high. Income for the first half of 2007 was a record $131.7 million, or a 92% increase from the first half of 2006. Those high numbers are good news for dealers but they might not be good news for the rest of us. Lee Rosenbaum is an arts writer who joined Soterios Johnson with the latest news of the art market.