Sotheby’s announced that it will adjust the spring auction schedule in New York in May this year, and compress the original impressionist, modern and contemporary art auctions completed in two weeks in one week, that is, to hold Impressionism and modern art and contemporary art in a week. There are 4 important special sessions with the night. This is in stark contrast to the one-week period of Impressionism and Modern Art, and the second week of contemporary art sales. In this regard, Sotheby's explanation is "to take into account the current market situation, the response of the world's top collectors to gradually evolve the taste of the collection." In addition, the format of Sotheby’s pre-show in New York has changed a lot – the 65,000-square-foot exhibition hall will present many masters from Monet, Picasso, Giacometti to Calder, Warhol, Sherman, etc. The masterpiece has a time span of more than a century.
The adjustment of the spring shoot strategy has received much attention from the industry once it was announced. Because as early as last year, Sotheby’s old rival Christie’s took the lead in adjusting the auction schedules of these two sectors and achieved remarkable results. Not only that, but Christie’s also reorganized the 2016 “Classical Art Week†auction schedule in October last year, which was originally scheduled for the December, January antiques, two classical masters’ painting auctions, sculptures and decorations. The art specials have been moved to April to promote all aspects of the company's joint efforts, mutual benefit and win-win. Christie's global president, Yousie Pirkanin, said: Ten years ago, most of our collectors only bought collections in one or two areas, but since a few years ago, most of the collectors have expanded to five to six. field. The Classic Art Week is undoubtedly adapted to this trend, allowing collectors to see the finest in all areas in a more concentrated time.
In general, Sotheby's and Christie's, as the world's top two auction houses, have unique advantages in terms of market experience and innovation, and their response has the same exemplary role. . Today, the two major auction houses have successively made similar auction strategy adjustments with “buyers' taste changesâ€, which undoubtedly has certain guidance for the global auction market.
However, with the global economic situation continuing to slump in recent years, the collectors are also experiencing a downturn. Under this circumstance, Christie’s dare to break through the traditional atmosphere and adjust the auction strategy to become the “first crab-eaterâ€; this time Sotheby’s made a similar spring-shooting strategy adjustment, whether it can be purchased with this year’s buyer "Bit"? Will the effect be "by analogy" or "eastern effect"? I am afraid I only have time to test it.
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