Friday, May 13, 2005


Christie's contemporary art auction house in New York set a new record for contemporary art sales in one night.  The auction took place May 11 and doubled the total of Sotheby's sales the previous night.  So you ask why this is important?  It is important because it shows that the art economy is on an up turn and with the record sales in contemporary art, the market may be opening up to "newer artists". 

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Elizabeth Peyton $800,000
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Diebenkorn $3,376,000
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De Kooning $13,120,000


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