Now that I am back in the States, I thought I would take the time to review the results of the overwhelming number entertainment memorabilia auctions that took place throughout the month of December. Interestingly, while I personally met with a number of participants in our field while traveling in England and France this month, the one unsolicited and seemingly universal topic brought up by all was the question of “the Bubble”. Is there a bubble? If so, what are the contributing factors, and when and how will it burst? And what would the consequences be on our art market? Since the results of these high profile auctions speak to these notions and related speculation, I thought it would make sense to frame my results analysis in this discussion. [Read more…]
