According to ArtTactic report, if Sotheby's 223-lot sale in London on Sept. 15 and 16 raises $150 million, it will match the total achieved from all of Hirst's auction sales between 2000 and 2008. If it performs below expectations, it could ``signal a wider contemporary art market in decline,'' said the report.
``It's a very important event,'' said Petterson in a telephone interview. ``It will set the tone for the autumn season of contemporary auctions and potentially further than that.''
ArtTactic predicted that the Hirst sale would perform well. In a poll it conducted among 51 market insiders, 78 percent felt the total would fall within Sotheby's estimate range, said the report.
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