A Reason for Optimism

By Louis Salerno   At 9:00 a.m. last Saturday, a critical test of the market for nineteenth-century American paintings and furniture was about to begin. While record prices for post-war and contemporary work frequently make headlines, there was considerable skepticism as to the viability of the market for centuries old work. A disappointing sale would…

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The Hudson River School is Alive and Well—Rebutting Recent Headlines

Several recent articles discussing the Sotheby’s and Christie’s American art sales last month expressed concern about the Hudson River School market. As both a leading buyer and seller of these paintings, I believe that the results have been misinterpreted. The idea that anyone could definitively determine the state of any market by the performance of…

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