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A notable new auction record was brought at Christie’s London for Ron Mueck when his Big Baby, 1996 -- billed as the first work in the artist’s catalogue raisonné -- sold for $1.32 million at Christie’s London. "Big" is relative when it comes to babies, of course, as this sculpture is a modest 26 inches tall. The lot was one of seven in the sale from the collection of Kay Saatchi, the collector’s ex-wife, which brought a total of $6.4 million, emphasizing the usefulness of a good provenance.
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Art Market Watch


July 5, 2011 

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The June auctions of contemporary art in London last week give reason for optimism for those who jet in the art-market stratosphere. Sotheby's two-day total was $206 million, with an evening sell-through rate of almost 90 percent and 80.8 percent for the day sale. The total is more or less the same as that notched at the house in February 2008, six months before the financial collapse.

Christie's London came in more than 25 percent lower that its archrival, totaling $146.8 million, with sell-through rates of 82 percent during the evening auction and 75 percent during the day. At Phillips de Pury & Company London, the total was $26.7 million, with corresponding sell-through percentages of 87 percent and 77 percent.

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