Pursuits
Crypto, Picassos Headline Strangest Auction Week in Memory
The bellwether evening auctions at Christie’s and Sotheby’s are unprecedented.
Lee Krasner’s Untitled, from 1962.
Source: Christie's
For the first time in 14 months, the auction calendar is behaving as it used to before Covid-19, as rivals Christie’s and Sotheby’s gear up for a week of marquee evening and day sales in New York. The events will begin on May 11 and end on May 14.
The phrases “masterpiece” and “museum-quality” are once again straining from overuse by auction specialists, and Sotheby’s will even allow in-person bidders, though in a highly limited capacity. In other words, it should be a return to normal.