“It was the best of times, it was the worst of times”. Charles Dickens may well have been paraphrasing the art market with his “age of wisdom” and “age of foolishness”, for sales have hit records, an increasing number of artists have fetched bellwether indices, and while there are rumours about the market’s vulnerability, what is evident is its stoicism. “It has been a year of surprises,” a senior gallerist told me.
History has proven that art has been a tradeable commodity in times of crisis — and where there are sellers, there are bound to be buyers, even in moments