April 2009

The New Market

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Since the end of the Scottsdale auctions, the flow of emails, letters, and phone calls has been relentless. Half are shrill diatribes, demanding that SCM support the market. Any description of prices as falling, or buyers being cautious, is viewed as sabotaging the market.

The second half contends that SCM is soft-pedaling the truth and doing our readers a disservice by not pointing out just how bad things really are. They accuse us of whitewashing the trends of the past six months, and painting a happy face on an Emmett Kelly-style frowning clown.