Last Updated on 9/8/2005 by bidz

Inflation drives art to record prices

Editorials & Commentary – International Herald Tribune
By Souren Melikian International Herald Tribune

“LONDON: A phenomenal wave of inflation is sweeping across the entire art market. For some of the sellers, it spells out good news in the very short term – they get more money. For most other players, it represents a destabilizing factor that is threatening to bring down the whole structure.

The most spectacular manifestation of the inflation is the succession of record prices achieved in every category of the market in the spring and early summer.”

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