Art Market Watch
SOTHEBY’S IMP & MOD DOES A TRIUMPHANT $199.8 MIL
Nov. 3, 2011Sotheby’s New York
evening sale of Impressionist and modern art on Nov. 2, 2011, totaled $199.8 million, with 57 of the 70 lots selling, or more than 81 percent.
“The art market is alive and kicking,” said Sotheby’s expert Simon Shaw with visible relief. The giddy mood -- it was a long sale -- extended to stentorian auctioneer Tobias Meyer, who said he could “feel the market rallying.”