French Art Sales Fall Behind

Art-selling in France continues to be tough going. “The art market in France shrank slightly in 2004 as Drouot, the umbrella organisation for Parisian auction houses, reported turnover of €365 million ($480 million). In addition, the gap is gradually widening between the two leading international auction houses, Christie’s and Sotheby’s and their larger French competitors, whose sales are stagnating or declining.”