RETURN OF THE RICH
May 12, 2011
In the last five years, at the big New York auctions of contemporary art in May and November, Christie’s New York
had the higher sales figure seven times out of ten. So it is again this week, as Christie’s evening sale of contemporary art on May 11, 2011, totaled $301 million, with 62 of 65 lots selling, or 95 percent. The sum far outstrips the $128 million reached at Sotheby’s New York
the night before. After a one-day protest, the rich are back at bat.