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
Business Insider Emails & Alerts
Site highlights each day to your inbox.