Sotheby’s posted the week’s best auction result – bringing in a total of $7.36 million (including commissions) on Monday night, and another $2 million on Tuesday at its Aboriginal art sale.

As the week drew to an end, Tim Goodman, the new chairman of Sotheby’s, was predicting a livelier art market next year. The big challenge this year was the lack of stock as collectors became reluctant to sell quality works in a depressed market, he said, but this was about to change.

The “bargain-hunters” have one more chance at which to pounce, the Deutscher-Menzies and Lawson-Menzies sales in Sydney on December 16.

Url: http://www.theage.com.au/news/entertainment/arts/skys-the-limit-at-138m/2009/11/25/1258824758096.html

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