#market-recovery

#market-recovery

Life is cautiously returning to the streets of Dilling, the second largest city in South Kordofan state, after the Sudanese army broke a suffocating siege that had isolated the area for more than two years. For months, the city had been encircled by the paramilitary Rapid Support Forces (RSF) and the Sudan People's Liberation Movement-North (SPLM-N), cutting off vital supply lines and trapping civilians in a severe humanitarian crisis.

The art market's surprising recovery continued yesterday (19 November)at Rockefeller Centre, thanks to Christie's 21st century evening sale hauling in $99.5m, or $123.5m with fees. The result eclipsed last November's equivalent sale that realised $106.5m with fees. Last night's tally before fees fell midway between pre-sale expectations of $87m to $127m. Out of the 45 lots offered, just one-a Cecily Brown abstract-failed to sell, making for an almost-perfect buy-in rate of 98%.

Australia's CBD office vacancy rates have stabilized as more employees return to work, with the Property Council noting significant positive absorption in Sydney for the first time since 2016.

It’s a risky time to jump out of markets, even if tempted to cut losses due to recession fears; act thoughtfully rather than emotionally.

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