Manipulated Art Auction Results Affect Perception of Art Market- artmarketblog.com Why is it that we continue to use auction results as an indicator of the health of the art market when they are obviously not an accurate representation of the health of the art market
where manipulation of prices and sentiment is rife the saleroom is not the only indicator for telling the value of paintings. The only true indicator of the health of the art market is the amount of money that people are spending on art regardless of what it is or where it was purchased.
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.