Yves Saint Laurent art auction loses $400 million before it even takes place = proof the art market is fucked.
July:
“The auction house declined to estimate how much the collection was likely to fetch until those items had been identified, but experts have put the figure between €300 million and €500 million ($472 million - $787 million).”
November:
“Labeled the ‘sale of the century’ by Christie’s, it will include over 700 lots with an estimated total value of €200 million to €300 million ($255 million - $380 million).”
