Sotheby's auctions hits target thanks to Italian art

"Although the results were mixed, with some star lots unsold, the auctioneer is likely to take comfort from a solid performance at a time when global economic turmoil threatens to put buyers off expensive art.

The comparative total in 2010 was 34 million pounds ($53.6 million). Pre-sale estimates ranged from 35-48.3 million pounds ($55.2-$76.2 million), but when the buyer's premium is stripped out Thursday's results hit the lower end of expectations."  [Read Full Article]

Published by:  Reuters
On:  10/13/11
Website:  http://www.reuters.com

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