“It’s an unfortunate truth that some people buy with their ears rather than their eyes —listening to hear who bought what,” said Cristin Tierney, who owns a gallery in Chelsea and has consulted for Christie’s. “They want to get in on the action. They’re not really looking at the work.”
Then there is the simple rule of supply and demand, that — all other things being equal — paintings by Giorgione, which are rare, might command better prices from some collectors than works by Titian, which are more plentiful. But Warhols, among the hottest items on the market, continue to command high prices, though in many instances they were mass-produced (...).
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