Dissecting The London Postwar Sales

The postwar and contemporary evening sales in London this month brought in more than £240 million (about $370 million) in total sales for Sotheby’s and Christie’s—a banner year for the annual auctions. Today we slice into the numbers to see how the big two achieved those results. As the graph above shows, almost

Sotheby's Contemporary Sale Soars to $80 Million in London, Driven by Gerhard Richter Fever

LONDON — Stoked by a half-dozen Gerhard Richter paintings chased by an international cast of hungry bidders, the contemporary art market maintained its surging pace at Sotheby’s tonight, realizing £50,688,450 ($79,672,106). The tally clipped pre-sale expectations of £34.5-48 million ($54.2-75.5 million), and improved on last February's £44.3-48 million ($71 million). Only six of the 63 lots