ART MARKET WATCH
Feb. 29, 2008£95 MILLION AT SOTHEBY’S LONDONBig spenders ruled at the evening sale of contemporary art at
Sotheby’s London on Feb. 27, 2008, with 56 of 70 lots selling, or 80 percent, for a total of £95,030,000 ($189,423,299). Four lots sold for over £5 million, seven lots for over $5 million, 18 lots for over £1 million and 40 lots for over $1 million. The total is the highest ever for any contemporary art sale in Europe, according to Sotheby’s expert
Francis Outred, and demonstrates "the continued strength of the market."
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