Rich Drink Up Art In Record Numbers
Christie’s will announce record global sales of $5 billion for 2010 next month. The figure includes both auction sales and private sales, and just nudges ahead of the company’s previous high of $4.8 billion in 2007. Sotheby’s website indicates that its global auction sales have almost doubled last year’s, reaching $4.3 billion, not including private sales. Sotheby’s shares opened at $47.25 in New York yesterday, more than double the $21.76 low earlier in the year. Sotheby’s record sales extended even to wine.
