“This week, the auction houses Christie’s and Sotheby’s will attempt to sell works by Jean-Michel Basquiat, Francis Bacon and Andy Warhol, along with Roy Lichtenstein and Mark Rothko.” Sarah Thornton, author of “Seven Days in the Art World,” explains who won’t be bidding in this hideous economy, as well as why owners might be hanging on to their art for emotional reasons right now.
