ART MARKET WATCH


Nov. 21, 2008

GOOD LATIN AMERICAN RESULTS
If 60 percent is the new 80 percent, as one auction expert said the other day, then the Latin-American auction market remains strong. Christie’s two-day sales of Latin American art on Nov. 19-20, 2008, totaled $14.1 million (with premium), with 206 of 295 lots selling, or 70 percent. Virgilio Garza, Christie’s Latin-American art expert, noted active international bidding and the strength of the middle market across all categories.

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