ART MARKET WATCH
Nov. 15, 2007SOTHEBY’S CATCHES FIRE
Can you blame people if they think that the art-market boom will go on forever? Sotheby’s New York
sale of contemporary art on the evening of Nov. 14, 2007, totaled $315,907,000, with 65 of 71 lots finding buyers, or more than 91 percent. According to Sotheby’s auctioneer Tobias Meyer
, the result exemplifies "what’s going on in the current art market -- a hunger for high quality in a completely global community."