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Tracy Frost

LUXURY MARKETS - Boom as rich fly to quality

Posted on October 18, 2008 at 8:43 PM.

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Matthew Paton of Christie's has his own explanation for robust art sales in a downturn: "Serious collectors might wait 40 years for the thing they want to come up - so they'll buy at any time. There are lots of dealers in London this week for Frieze, and we're expecting our sales this weekend to go well. But these are people who buy with an eye and a heart, not just for investment."

Financial crisis: Luxury brands boom as rich fly to quality (Telegraph)

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