Confidence returning in the art world could trickle down to vacation property buyers

The New York Times published today that “Art Prices (and Mood) Inch Back Up”.

“The numbers may not be the same as they were two years ago but confidence is back”.

I think that this is and excellent sign for the luxury real estate market, especially the second home luxury market.

We can only hope that this confidence will trickle down from the Sotheby’s Aution house to our buyers of vacation properties such as those at Lake Burton, where there are some 90+ homes on the market.

Click here to read the complete article from the NY Times.

Daniel Acker/Bloomberg

Warhol’s “200 One Dollar Bills” sold for $43.7 million at Sotheby’s last week, more than three times its high estimate.

Sotheby’s

Giacometti’s “Falling Man” sold for $19.3 million at Sotheby’s early this month.