Prices soared at contemporary art auctions this summer, and aggressive dealers seized the opportunity to turn the market upside down: “Gallery owners complain that the extravagant prices achieved recently at auction have prompted speculators to buy artists’ latest works in galleries, then flip them at Sotheby’s, Christie’s, or Phillips for a quick profit, inflating the fragile careers of artists the galleries have painstakingly nurtured.” – New York Magazine