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AUCTION REPORT

That Strange Familiar Feeling

MF HUSAIN, Sprinkling Horses, Undated, Oil on canvas, 109.9 x 235 cm. Courtesy Christie’s Images Ltd.

New York’s Asia Week of auctions in September reflected the general mood of the US economy. Christie’s, Sotheby’s and various galleries held the second season of Asian art sales and exhibitions just over a month after Standard & Poor’s downgraded the US credit rating on August 5. The consensus among art dealers and market observers was that Asia Week had that eerie déjà-vu feeling similar to the financial downturn of 2008. Many…

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