ARTINFO: Sotheby's Scores Its Biggest Night Ever With a Smashing $375-Million Auction
Huffington Post - over 5 years
NEW YORK -- Rich in world-class offerings of Abstract Expressionist and Pop Art, Sotheby's contemporary evening roared to the tune of $375,205,000, the highest total for any evening sale in its long history. It eclipsed the mark set in May 2008's $362-million contemporary art sale and also clobbered last November's $315.8-million evening.
Only eleven of the 69 lots failed to sell for a buy-in rate by lot of 16 percent and five percent by value. Seventeen works made over five million, seven over $15 million, and 43 of the 58 lots sold for over a million dollars. Five artist records were set including for a small but sublime Jackson Pollock oil-, enamel-, and aluminum paint-on-canvas, "Number 4, 1951," which sold to a telephone bidder for a record $40,402,500 (est. $25-35 million).
The drip painting has a rather long sales history, including the time in November 1963 when it sold through the Leo Castelli Gallery for $22,500. It was one of eight prim...
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