20 November 2024
November Auction Sales See a Stark Drop in Works by Young Artists After Years of Hype
Between 2020 and 2024, as the Covid-19 pandemic disrupted operations for galleries and upended exhibition schedules, auction houses saw a rush of resales of works just a few years old pieces created by artists often in their 20s or 30s. Paintings by younger artists became especially prominent in evening sales in New York at Phillips, as well as its two larger competitors, Sotheby's and Christie's, which typically have bigger focuses on works by older, historic artists that are valued at far higher figures.
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