Aguttes

PARIS: A PLETHORA of picture sales in Paris in December yielded some unexpectedly high prices but an erratic overall response, with an average take-up (by lot) of around 60 per cent. Results were stronger for Old Masters than for Modern Art, while the presence of buyers from across Europe helped offset the absence of Americans, deterred by the weak dollar.

ArtCurial, the Paris art gallery/bookshop based at the Hôtel Dassault on the Champs-Elysées, have moved to expand their auction activity by taking a minority stake in the auction firm owned by Claude Aguttes, based in the smart Paris suburb of Neuilly.