Here Are the Top Lots at the $1.4 Billion New York Evening Sales This Week

Installation view of Francis Bacon, Portrait of George Dyer Crouching (1966). Image courtesy Sotheby's.

Journalist Eileen Kinsella spoke with Megan Fox Kelly about her thoughts on the New York Spring art auctions, including implications for fewer collections from estates and what types of art are on the rise.

There are fewer collections coming from estates than in other years, and those estates are smaller, but material amassed by the late Miami collector Rosa de la Cruz and the screenwriter and producer Norman Lear collection will be closely watched, art advisor Megan Fox Kelly said. “The auction houses really built these sales brick by brick, consignment by consignment,” she said. “I don’t see collectors feeling compelled to ‘cash in’ right now by selling works they own unless an artist’s auction market looks particularly compelling.”

What’s trending right now? “We’ve seen a resurgence of interest in Impressionism after a period of it feeling rather flat,” Fox Kelly said. “New buyers are turning their attention to that market. It has to be the right picture, of course, but when something great and fresh to market comes up, we’re seeing pretty competitive bidding and new price levels.”

Read the rest of Megan’s thoughts at artnet here.