Art goes from boom to boom
21 Jun 2007
It used to be considered that the art market went in cycles. As sure as night follows day, seven years of plenty would be followed by seven years of famine; and it usually was in seven year cycles.…
Written by
The Big Idea Editor
It used to be considered that the art market went in cycles. As sure as night follows day, seven years of plenty would be followed by seven years of famine; and it usually was in seven year cycles. In the week that saw Monet fetch massive sums, The Telegraph reveals why London's auction houses are in the middle of record-breaking sales.
Image: In May 06, an unnamed Russian collector paid $95 million for Picasso's Dora Maar au Chat.