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London's Auction Sales Drop to 23% of 2008 Prices
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http://www.bloomberg.com/apps/news?pid=20601088&sid=a9iP_yCP...
Submitted by jwhitehead 10 months, 1 week, 6 days, 17 hours ago
The auctions of 2009 have prices that have dropped at auctions. The economic crisis has families reluctant to sell their valuable works at this year's falling prices. The auction houses find it difficult to get material, though pieces are definitely selling. "Man in Blue VI" by Bacon from 1954 is selling for an estimated 4 to 6 million pounds.
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