Bullish bidding drives Sotheby's sale to $134 million

  • November 12, 2009 11:39

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David Hockney at Sotheby's

High selling rates may be attributed to the lowered estimates on 54 lots (2 unsold) at Sotheby’s Wednesday evening sale. While the $134 million total paled against the company’s May 2008 record tally of $362 million, prices for Warhol's "200 One Dollar Bills" ($43.8 million), David Hockney’s “California Art Collector” ($7.9 million), and a record-setting $6.1 million for Dubuffet, signaled to some that the art market slump is over. 

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