Tuesday, February 17, 2009

FACTUALITY #1

This month’s contemporary auctions reflect the new reality. The market has shifted from a seller’s to a buyer’s market, and the auction houses have been toning down the sales so as not to overstretch a market in correction mode. We will soon find out whether the adjustment is enough, or whether prices are likely to fall further. RISK, RECOVERY, SURVIVAL....let's start changing the dialogue back to CREATION, DISCOVERY, NECESSITY.