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Even after the robust volume of sales in New York, there are clearly still plenty of serious buyers looking for de Koonings—and that wasn’t always a given.
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The art market is in the middle of a strange moment: Money is pouring back into high-value, name-brand art while the market itself remains patient, and maybe cautious. The money is there and waiting to be spent, but buyers seem to be in no hurry, confident that the right work will eventually come along. The result is a market that can seem dull or disappointing, even as some records are set and an undeniable momentum builds.
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