Wall Street Sends Tremors to 57th Street Art Dealers
from Bloomberg
Letting Phones Ring
At the Laurence Miller gallery, which specializes in modern and contemporary photography, director Laurence Miller said clients' reactions to Wall Street's woes have varied.
``We are dealing with a few collectors who are in the highest level of economics and wealth in the country and it doesn't affect them,'' Miller said. He noted, though, that ``clients who are money managers are not answering their phones.''
A survivor of three recessions, Miller said, ``Interestingly, each time, as people scale back, they scale back into photography.'' "
