|© David Gill, 2014|
The two big sales of antiquities at Christie's and Sotheby's have taken place in New York this week. It is time to review the year.
First it is clear that there has been a steady decrease each year from 2010 ($133.8 million) to the present $26.8 million. And that is nearly a $6 million drop since 2013.
Sotheby's has yielded more than Christie's for the third year in a row. This year's difference was more than $2.5 million. (Last year was $7.5 million, so the gap is narrowing.)
Both auction houses have had to address issues relating to the so-called "toxic antiquities" that their due diligence processes appear to have failed to spot.