Auction news glub, glub

The fine art auction market was sober recently as witnessed by the dismal Sotheby's auction. Read the entire story here.

I'm very pleased that the Calder sculpture made a good showing though. It just goes to show, good design is never trendy and always in demand. I especially loved this paragraph:

"One of the few moments when the salesroom came alive was for an early sculpture by Calder. The artist is one figure who manages to shine during bad times. A standing mobile fashioned from wood, steel and string — “Ebony Sticks in Semi-Circle” from 1934 — was thought to bring $1 million to $1.5 million. Five bidders, including Eli Broad, the Los Angeles financier, went for the sculpture, which sold for $3.5 million to a telephone bidder."

Not a shark in formaldehyde in sight!