Eli Broad: We've Yet To Hit The Bottom Of The Art Market

Last night at Sotheby’s, in between making jokes about the low priced contemporary art up for bidding like “It was a half-price sale” (Oh, Eli, you slay us), billionaire art collector and real estate mogul Eli Broad mentioned that he thought contemporary art prices would keep dropping.

NY Times: “I don’t think we’ve reached the bottom yet,” Mr. Broad said as he was leaving Sotheby’s after the sale. “We may be close.”

 

 

See also: Bad Night At Sothebys

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