ART MARKET WATCH


May 29, 2009

LATIN AMERICAN SALES IN NEW YORK
To no one’s surprise, the spring Latin American sales at Sotheby’s New York ($9.4 million) and Christie’s New York (totaling $13.8 million) were a bit lackluster, and came in below the low end of their presale estimates. The totals were down dramatically from last year -- about one-third the sums garnered at the same sales in May 2008.

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