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He might as well have been talking about the art market, for in the past few weeks the auction house's fortunes appear to have been completely reversed.Confidence is finally returning to the saleroom, after the fallout from the financial crisis.
Many things can affect the mood of a saleroom; the number of people attending, the colour of the walls (Sotheby's are airport white; Christie's an inky blue) or the mien of the auctioneer.
For them, studio visits or post-vernissage "artist's dinners" (a well-known art-world ritual) are not only part of the pleasure of collecting, they are an essential aspect of researching and developing their collections.Special report Suspended animation The world's biggest saleroom New or secondhand?
For the auctioneer's most expensive offerings paintings, sculptures and antiques they telephoned or went to the saleroom and bid at auction by raising their arms, as they have done for centuries.The real advantage of Christie's digital offering is that it draws new customers: more than half of the firm's online bidders last year had never registered for a Christie's auction before.
It has been doing well thanks to Christie's South Kensington, its London saleroom for the middle market.
Similarly, saleroom analyses showing that the number of Hirsts that fail to sell at auction always climbs as recession bites (30% of the pieces in the year after September 11th 2001, and more pieces this year than last) are brushed aside.On September 5th Sotheby's opened the sale to public view.
Similar(16)
All the work from Saudi Arabia, including Ms Alem's, found buyers.With a 500% increase in sales of Middle Eastern art over the last five years, according to Christie's, an auction house with salerooms in Dubai, art might offer an avenue of free expression, even a career, for many women in the Gulf.
In the art world that meant collectors stayed away from galleries and salerooms.
Despite this bullishness, the mood in the salerooms ranged from sluggish to euphoric during Impressionist week in London, indicating that sentiment in the art market is more complex than the figures might reveal.
HE MIGHT be flavour of the month in Shanghai, but has the favourite son of "Cool Britannia" suffered a decisive setback in the salerooms of London?It has been a curious fortnight for the artist and sheep-pickler Damien Hirst.
Mr Farmer's observations sent a shiver though the salerooms, not all of which are concerned about such niceties.
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