Another way of looking at Canadian Art Auctions
Howdy!
Can someone please explain to me why I would pay good money to Ritchies for an appraisal of any Canadian Art? Last night they held an auction, and of the 197 lots auctioned off, 75% were nowhere near the estimate Ritchies gave. 100 lots were over the estimate, 21 lots were under the estimate, and 26 did not sell.
And while some people might be raving about how 'hot' the Canadian Art market is right now, I find it much more entertaining to point out that there were five lots that sold for about the same price as this Beanie Baby is going to sell for. One, Two Three, Four, Five.
Can someone please explain to me why I would pay good money to Ritchies for an appraisal of any Canadian Art? Last night they held an auction, and of the 197 lots auctioned off, 75% were nowhere near the estimate Ritchies gave. 100 lots were over the estimate, 21 lots were under the estimate, and 26 did not sell.
And while some people might be raving about how 'hot' the Canadian Art market is right now, I find it much more entertaining to point out that there were five lots that sold for about the same price as this Beanie Baby is going to sell for. One, Two Three, Four, Five.
posted by Zeke's, the Montreal Art Gallery on 21.11.06
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