Auction House Slow Down

Auction houses say bidders scaling back

SunJournal.com
Sunday, August 10, 2008

“STAMFORD, Conn. (AP) – A slow economy and changing tastes are resulting in smaller crowds at auction houses and more conservative bids from buyers of antiques and collectibles, the operators of several facilities say.

Although high-end items such as rare paintings and furnishings still draw big bids – particularly from well-heeled European and Asian buyers – the auction house operators say interest in mid-level items is lagging.”

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