28. Cracks at Sotheby’s in the October Auctions, Pessimism at Talking Galleries, and Did the Art Market Kill Contemporary Art?

This week, Georgina and Tom cover a lot of ground. They begin with the aftermath of Art Basel Paris, forced to close early by the riots: who reimburses the dealers, the “Art Basel Paris Encore” online viewing room wheeled out as an emergency life raft, and why the protests may have hurt exactly the small galleries the movement claims to defend.
Then Tom digs into the October auctions in London and Paris, with the strong single-owner collections (Peter Simon, Schlumberger, Durand-Ruel) and a record $56m late Monet, but, beneath the headlines, serious cracks at Sotheby’s sell-through rates...
Georgina also recaps the Talking Galleries symposium in Barcelona, and finally, a superb listener question: has the art market killed contemporary art?
Enjoy!
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