Can the contemporary art market keep climbing?
Some experts expressed reservations about the likelihood of continued growth. Longtime New York dealer David Nash, director and co-owner of the Mitchell-Innes & Nash gallery, who called last week’s results “phenomenal,” acknowledged that “it’s definitely a new era. But whether that will last for the next sale or the one after that,” he said, “I don’t know.”
He added, joking, “I had this idea I would go to the auction and ask if I could pay with tulip bulbs.”