Art Market Watch


Nov. 10, 2005

$114 MILLION AT SOTHEBY’S CONTEMPORARY
Sotheby’s New York’s contemporary art sale on the evening of Nov. 9, 2005, totaled $114,494,400, with 48 of 54 lots finding buyers, or 89 percent. "It’s the best contemporary art sale we’ve ever had," said auctioneer Tobias Meyer. 27 lots sold for over $1 million, and 21 sold for over their presale high estimates. The total compares to the $157 million notched for a rather larger auction of 70 lots at Christie’s the evening before.

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