A dozen works are priced near $20 million each at auctions
(NEWSER) - The art market has bounced back amazingly well from the downturn, and auction houses are aiming to sell $1 billion in Impressionist and modern works at two major sales next week. A dozen works are expected to fetch close to $20 million apiece, a price the auction houses couldn't reach for even a single piece in spring sales two years ago, reports the Wall Street Journal . Huge fortunes were lost during the downturn, but dealers say plenty of new investors don't seem especially worried. More»
