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Art market trends for investors to follow
Published Mon, Dec 26, 2016 · 09:50 PM
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New York
THE art market went on a roller-coaster ride in 2016.
The year saw highs including auction records for artists Jean-Michel Basquiat and Claude Monet - and lows such as a drop in auction sales in London and New York. There were many tense moments in between, too.
Both Sotheby's and Christie's were entangled in a money-laundering investigation surrounding Malaysian businessman Jho Low. Neither auction house was accused of any wrongdoing and Mr Low's family has been fighting the claims. A Pablo Picasso sculpture ignited a bitter fight between powerful members of the royal family of Qatar…
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