Auction Report: Stable Homes, Falling Prices
By The Editors
MARK ROTHKO, Untitled (Yellow and Blue), 1954, oil on canvas, 242.9 × 186.7 cm. Courtesy Sotheby’s Hong Kong.
The Art Basel and UBS Survey of Global Collecting 2024 reported that sales in the first half of 2024 at major houses were down 26 percent, year to year. In mid-December, Sotheby’s laid off more than 100 employees after New York sales in November earned less than half compared to 2023.
