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AUCTION REPORT

Sales Make the World Go Around 

by THE EDITORS

ANDY WARHOL Mao, 1973, synthetic polymer, silkscreen ink and acrylic on canvas, 448.3 x 346.1 cm. 

Photo copyright ArtAsiaPacific.

The May auctions injected a bounce into the art world’s step. In the weeks leading up to the sales, unprecedented skepticism reigned over whether the art market would hold in the current financial climate. Fears mounted as the US economy continued to cool and a global credit crunch caused unprecedented turmoil in the financial markets. Yet once again, despite economists’ predictions for belt-tightening days

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