ART MARKET WATCH
May 13, 2010
Can big money ever be dull? Sotheby’s New York
did a wonderful job with its contemporary art evening sale on May 12, 2010, reaching a total of $189,969,000 and selling 50 of 53 lots, or more than 94 percent. The result reflects a gradual climb from the depths of the recession -- up from $47 million in May 2009 and $134.4 million in November 2009. We should be right back to that bubblicious $350 million level in no time.