The November auction season in New York will determine the willingness of the ultrarich to spend on art, with over 1,600 lots expected to raise at least $1.1 billion.
While the auction estimates are lower than previous years, the dip in interest rates has made financing easier for collectors, potentially boosting auction performance.
Art advisers note that this fall's offerings lack the trophy quality of past seasons, with fewer big-name consignments, leading to concerns about the overall sales.
The anticipated economic boom, driven by a new Republican administration's policies and lower financing rates, contrasts with a decrease in high-value art consignments.
Collection
[
|
...
]