ART MARKET WATCH


Aug. 7, 2008

CHRISTIE’S EDGES SOTHEBY’S
Sotheby’s has released its sales numbers for the first half of 2008, results that are "the second best in our history," according Sotheby’s CEO Bill Ruprecht, especially considering "today’s global economic environment." The total consolidated sales -- including private sales as well as auctions -- was $3.44 billion, an increase of 14 percent and a record high for the house. Sotheby’s total includes the recent London contemporary sales totaling $242.4 million, which typically occur in June but this year were pushed into July.

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