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Mark Tansey
Shades
2001
$3,442,500
Sotheby’s New York
May 11, 2011
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REVOLT OF THE RICH?


May 11, 2011

Sotheby’s New York evening sale of contemporary art on May 10, 2011, totaled $128 million, with 49 of 58 lots selling, or 84.5 percent. The result, which arguably suggests that we’re on our way to a “double-dip” recession, is a drop from Sotheby’s performance in fall 2010 ($222.5 million), spring 2010 ($190 million) and fall 2009 ($134.4 million). The low of $47 million was set in May 2009, while the record high of $362 million was made in May 2008.

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