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Old Masters lag postwar artists
Contemporary art pulls in the big spenders while the Old Masters fail to draw art collectors with deep pockets
Add BT as a preferred sourcePublished Fri, Jan 30, 2015 · 09:50 PM
New York
THAT US$3 million Caravaggio is looking like a bargain compared to a US$81.9 million Andy Warhol.
This week at the Old Masters sales in New York, when as much as US$200 million of 15th-to-19th-century paintings, drawings and sculptures are on offer, the auction houses will try to slightly narrow the disconnect between the record prices commanded by postwar, modern and contemporary art and the much lower estimates for the older works.
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