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Kazimir Malevich
Suprematist Composition
1916
$60,002,500
Sotheby’s New York
Nov. 3, 2008
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ART MARKET WATCH


Feb. 13, 2009

SOTHEBY’S DOES $5.3 BILLION
Sotheby’s auction house sold $5.3 billion worth of art in 2008, according to an announcement of summary results for 2008 (the firm’s complete, audited report is due on Feb. 26, 2009). The total puts Sotheby’s ahead of arch-rival Christie’s, which posted sales of $5.1 billion (see Christie’s report, below).

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