Postwar and Contemporary Artworks Draw Record Prices at Christie’s

"At a sale attended by the actor Leonardo DiCaprio hiding under a baseball cap and China Chow, host of the Bravo reality show “Work of Art: The Next Great Artist,” as well as serious collectors like the newsprint magnate Peter Brant and the London-based jeweler Laurence Graff, bidders knew what they wanted and, when they thought something was worth the stretch, they were willing to pay record prices.

It was a big auction — 91 works — running the gamut from masters like Warhol and Twombly to many of today’s trendiest artists. And it made big prices. The sale totaled $247.6 million, which fell between its $226.4 million to $312.3 million estimates. Only nine lots failed to sell."  [Read Full Article]

Published by:  The New York Times
On:  11/08/11
Website:  http://www.nytimes.com

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