In recent years, Sotheby’s was accustomed to enjoying the gains offered by Greek sales. However, on Monday, with the closure of the first Greek Sale for 2011, the gains of the day were slightly disappointing.
Sources say that many people in the UK had thought that Greek ship owners who live in London would be eager to participate in the tender offers bidding on auctions that were considered to be a safe investment.
Unfortunately, the “limit-up” of the past is a distant dream. The largest amount was given for a work of Giannis Moralis from the series “Erotiko” but it did not exceed the evaluation ranging from 200.000 to 300.000 pounds.
The times when the works of Volanakis and Gizis were sold for more than 200% of their value have apparently passed and it is uncertain if they will ever return.
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