In his lecture, Jeffrey Boloten will provide an overview of the state of today's often hidden art market, and illustrate how auctions are, more and more, playing a crucial role in shaping and growing artist prices and values in the global art sector.
Auctions have very much become the engine of the ever-increasing art market growth, and their relationship with galleries, and the artists they represent, is undergoing much transformation.
Looking closely at recent examples of the auction process escalation, including the groundbreaking sale of Leonardo da Vinci’s Salvator Mundi for over $400 million (by far the most expensive work of art ever sold at auction), Boloten will provide a step-by-step guide to understanding how auctions operate.
Finally, he will also explore the innovative new directions that the major auction houses are taking, including their rapid online expansion, and their ongoing collaborations and links to the luxury goods industries.
