Sotheby’s modern art auction beats recession, fetches $200 mn

"Sotheby’s sold an impressive $200 million in Impressionist and modern art on Wednesday, led by a $40 million Klimt landscape at a sale that broke records and helped reassure an unsettled art market.

A day after a dismal auction at rival Christie’s saw virtually every top lot go unsold, falling far short of its lowest expectations, Sotheby’s found buyers for just over 80 percent of the 70 works on offer and often beat estimates."  [Read Full Article]

Published by:  Firstpost.com
On:  11/03/11
Website:  http://www.firstpost.com

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