London’s sales of Modern and Contemporary Art during the week of Feb. 8 were greatly anticipated by many different art market constituents but now that they’re over, no one is quite sure what happened. The auction houses were hoping to thread the needle by lowering the metabolism of a voracious market without shocking the system; dealers and collectors were looking for directional indicators; and the the press was eagerly competing to be the first to call a crash….

Source: The end of the masterpiece bull market is a blessing for the art world – Quartz