{"id":11742,"date":"2021-11-08T18:10:01","date_gmt":"2021-11-09T01:10:01","guid":{"rendered":"https:\/\/BigJimIndustries.com\/wordpress\/?p=11742"},"modified":"2021-11-08T18:10:03","modified_gmt":"2021-11-09T01:10:03","slug":"fine-boom","status":"publish","type":"post","link":"https:\/\/bigjimindustries.com\/wordpress\/2021\/11\/08\/fine-boom\/","title":{"rendered":"Fine Boom"},"content":{"rendered":"\n<p><em><a href=\"https:\/\/www.wsj.com\/articles\/art-is-among-the-hottest-markets-on-earth-11636380000\" target=\"_blank\" rel=\"noreferrer noopener\">from The Wall Street Journal<\/a><\/em><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Art Is Among the Hottest Markets on Earth<\/h1>\n\n\n\n<p>Christie\u2019s, Sotheby\u2019s and Phillips\u00a0get ready to sell off at least $1.6 billion worth of art, including works that could sell for 15 times their asking prices<\/p>\n\n\n\n<p>By\u00a0Kelly Crow\u00a0| Photographs by Bess Adler<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/images.wsj.net\/im-430393?width=1260&amp;height=840\" alt=\"\" title=\"\"\/><figcaption><em>Alberto Giacometti&#8217;s \u2018Le Nez\u2019 at Sotheby&#8217;s in New York.<\/em><\/figcaption><\/figure>\n\n\n\n<p>Collectors know exactly what they want from art: more. A lot more.<\/p>\n\n\n\n<p>Starting Tuesday, the world\u2019s chief auction houses\u2014Sotheby\u2019s, Christie\u2019s and boutique house Phillips\u2014will seek to sell at least $1.6 billion worth of art during a two-week series of sales, setting an expectation they haven\u2019t met in the past three years.<\/p>\n\n\n\n<p>The houses estimate at least 15 pieces will sell for over $20 million, including examples by Alberto Giacometti, Mark Rothko and Vincent van Gogh. Recent discoveries such as Reggie Burrows Hodges are also poised to fly to records. How to tell? Last month in London, Mr. Hodges\u2019s auction debut, \u201cFor the Greater Good,\u201d sold for $606,685\u2014nearly 15 times its estimate.<\/p>\n\n\n\n<p>\u201cPeople don\u2019t care if they have to pay $1 million for a piece that\u2019s priced to sell for $60,000,\u201d said Alex Rotter, chairman of Christie\u2019s 20\/21 art departments. \u201cThey\u2019re making up their own rules.\u201d<\/p>\n\n\n\n<p>[ <a href=\"https:\/\/www.wsj.com\/articles\/art-is-among-the-hottest-markets-on-earth-11636380000\" target=\"_blank\" rel=\"noreferrer noopener\">click to continue reading at WSJ<\/a> ]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>from The Wall Street Journal Art Is Among the Hottest Markets on Earth Christie\u2019s, Sotheby\u2019s and Phillips\u00a0get ready to sell off at least $1.6 billion worth of art, including works that could sell for 15 times their asking prices By\u00a0Kelly Crow\u00a0| Photographs by Bess Adler Collectors know exactly what they want from art: more. A [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-11742","post","type-post","status-publish","format-standard","hentry","category-culture-art"],"_links":{"self":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/11742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/comments?post=11742"}],"version-history":[{"count":0,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/11742\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/media?parent=11742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/categories?post=11742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/tags?post=11742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}