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ART MARKET

NEW YORK

Impressive sales in NY

by Raj S. Rangarajan


PARK SOOKEUN, Winter, c. 1960s, oil and mixed-media on board, 22.5 x 44.3 cm, Christie's, New York; opposite page: 

With a slowed American economy, tensions in the Middle East and uncertainty on Wall Street, buyers seem to lack confidence about investing in art. Six months was perhaps too short a period for the art community to recover from the shock of the September 11 terrorist attacks on Manhattan and Washington. However, New York auctioneers Christie's and Sotheby's saw feverish activity in March 2002…

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