Auctions

Bidding Up: Escalating Prices are Putting Pressure on Dealers to Double Down on their Own Artists

(Illustration by Joseph Daniel Fiedler)

Last May, at Christie’s New York, the painting Park Avenue Façade by Abstract Expressionist Michael Goldberg soared to $461,000, well above the $100,000 to $150,000 estimate set by the auction house. The new artist’s record was set by Michael Rosenfeld, the Manhattan gallery owner who represents Goldberg’s estate. The art dealer said  he regularly buys Read More