LONDON IS CONFIRMED EUROPEAN CAPITAL OF THE MARKET


Written by Elena Lanzanova July 4 2008

In the last few weeks, London city has proved to be the European capital of the art market. With sales dedicated to the modern and impressionist sector, Sotheby’s and Christie’s have confirmed the good state of the market. Indeed, the “Impressionist and Modern Art Evening Sale” held on 24th June fetched 144 million pounds (284 million dollars), achieving the highest total for a European auction and giving “Le bassin aux nymphèas” by the new world record for the artist, selling the piece for 41 million pounds.

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