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2022’s biggest art stories—and what they mean

The Week in Art

CHAPTER

The Art Auction Market in New York Isn't as Speculative as It Used to Be.

The Paul Allen sale that you're referring to at Christie's in November in New York was almost double the biggest single owner auction ever. There is a sense that maybe it's the sort of like speculative element of the art market and the auction market that's kind of stepping away a little bit after a pretty frenzied couple of years. I also do think you're seeing a bit of a lack of friends even for some of, I'll use another of Annie's favorite terms, pale male and still artists like Saitwambli. It barely made its day best limit at 40 million.

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