The record achieved on November the 13th by a work of Francis Bacon, Three Studies of Lucian Freud (1969), in an auction held at Christie’s, New York, has caused widespread astonishment, featuring on the front pages of newspapers, and, above all, it has revealed to the public just how juicy the art business has become…
Introduction The art market is a prime example of British achievement in a highly competitive global environment. Britain has 29% of the global art and antiques market and is the second largest market in the world, second in size only to the United States. The British art and antiques market generated £7.7 billion in sales…
