ART MARKET WATCH
Aug. 10, 2007SOTHEBYíS NUMBERS JUMP FOR 2007
In the first six months of 2007, Sothebyís
auction house earned more than in any full year in its history, according to Sothebyís CEO Bill Ruprecht
, who recently announced the firmís second-quarter 2007 results. Sales for the first half of 2007 totaled $2.9 billion, up an impressive 44 percent from the same period in 2006. Sothebyís income was $131.7 million, up 92 percent, a record, on record revenues of $486.9 million, up 41 percent. The house sold the highest priced lot of the period as well, Mark Rothko
ís White Center
(1950), which went for $72.8 million.