ART MARKET WATCH
May 16, 2007CHRISTIE’S $384.6 MILLION CONTEMPORARY SALE
The evening sale of post-war and contemporary art at Christie’s New York
on May 16, 2007, was certainly dramatic, if higher and higher bids coming one after the other almost without end is your idea of drama. The sale totaled $384,654,400, a new record for a contemporary auction, with 74 of the 78 lots finding buyers, or 95 percent. Gee, looks like the bulls still rule the art market.