Riggio Collection Auction Falls Short of Expectations
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Christie's auction of the Riggio collection, featuring works by modern masters, yielded $272 million including buyer's fees, falling short of pre-sale expectations. Many pieces were presold to guaranteed bids, dampening the excitement. Economic uncertainty, linked to Trump's tariffs, is cited as a contributing factor to the less-than-anticipated results. A subsequent 20th-century art sale performed better.
Christie's auction of the Riggio collection, featuring works by modern masters, yielded $272 million including buyer's fees, falling short of pre-sale expectations. Many pieces were presold to guaranteed bids, dampening the excitement. Economic uncertainty, linked to Trump's tariffs, is cited as a contributing factor to the less-than-anticipated results. A subsequent 20th-century art sale performed better.
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