Collectors remain eager to splurge on masterpieces, but they’re turning their noses up at anything that appears second-tier.
This sentence, or anything like it, should be banned from all art-market reports — partly because I think I’ve seen it in every single art market report I’ve ever read. The first time you read it, you think it’s interesting. By the 80th time you read it, you realize it contains no actual information at all. It basically means “expensive art is expensive”, and it’s the art-market equivalent of “it’s a stock-picker’s market”.