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Courtesy of Christie's

Christie's Once Again Defies the Market, Pulling Off a $60 Million Triumph in Its London Contemporary Art Sale

After a rocky week of auction sales and art-fair activity, Christie's postwar and contemporary evening sale sounded an unmistakably triumphant blast for the art market Friday, realizing £38,070,350 ($59,998,872), whisker-close to the £39.4 million high estimate.

Forty-seven of the 53 lots sold for a crisp 11 percent buy-in rate by lot and eight percent by value. Seven artist records were set, one work sold for over £10 million ($15.7 million), and ten hurdled the million pound mark ($1.6 million). Fifteen of those 47 lots sold for over a million dollars.

For the rest of this article please go to Artinfo

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