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That became obvious this week as gigantic prices alternated with abrupt failures to sell.
Gigantic prices were paid for paintings by the most famous artists of the second half of the 20th century.
Utterly different works, also treated as blue chips by virtue of their decade-long record of media and museum approval, realized gigantic prices.
Predictably, the very few truly major works on account of their authors' importance, their size and their aesthetic achievement, sold — at gigantic prices.
While some gigantic prices paid for a few works proved that money was not in short supply, the outcome was dire for excavated bronze, pottery and glass vessels from Iran and Syria.
The gigantic prices for the two Warhols confirm that he is now perceived more as an icon from the recent American past than as an artist from our time.
Similar(51)
And therein lies the deeper reason for the gigantic price.
Going down the trophy list, the second gigantic price was equally astonishing.
"Homme à l'épée" somehow went up to £6.98 million, slightly above the low estimate, but a gigantic price nonetheless.
He attributed the recent "gigantic price movements" on "the underlying global economy rather than the pure fundamentals of the crude oil market".
The room sent it flying to £4.18 million, a gigantic price for a competent but stereotyped picture by an unknown artist working in the Bruges manner.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com