Auction houses embracing changing trends, economic fluctuations
Auction house Christie's recently opened its new Asia-Pacific headquarters in Hong Kong with a sale that included masterpieces by Claude Monet and Vincent van Gogh. But both men's paintings sold at the lower end of their estimates, continuing what's been a poor year for the high-end art world. But as Stuart Smith finds out, away from the top-tier artworks, auction houses are finding new ways to keep paddling on.
Auction house Christie's recently opened its new Asia-Pacific headquarters in Hong Kong with a sale that included masterpieces by Claude Monet and Vincent van Gogh. But both men's paintings sold at the lower end of their estimates, continuing what's been a poor year for the high-end art world. But as Stuart Smith finds out, away from the top-tier artworks, auction houses are finding new ways to keep paddling on.