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AUCTION REPORT

Death of a Salaryman, Birth of a Millionaire

SH RAZA, Untitled, 1983, Acrylic on wood panel, 127 x 127 x 127 cm. 

Courtesy Christie’s, New York.

If year-end financial reports are a reliable indication of where the art market is heading, then the direction for the future is clearly up, up, up. Despite economic slowdowns, triple dips and debt-ceiling debacles, on January 17 Christie’s announced that their 2012 global annual sales totaled USD 6.27 billion, up 10 percent from 2011, albeit with slight contractions in Asia and the Middle East. This figure…

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