Posted by Leonard Steinberg on May 6th, 2014 The ultra-high-end Art and Real Estate markets often mirror one another as they are a barometer of the ultra luxury markets. Last night’s auction results at Christie’s may be an insight to what is coming to the Manhattan real estate market where excessive pricing on some not-so-worthy apartments is… [Read More]
MORE LUXOFLATION: FRANCIS BACON WORK SETS NEW RECORD AT AUCTION
Posted by Leonard Steinberg on November 13th, 2013 While real estate pricing continues to set new records weekly, the art world is mirroring the phenomenon we call LUXOFLATION, the significantly elevated levels of inflation that we are seeing on luxury products from collector cars, to art, to Manhattan apartments. Last night a work by the late… [Read More]