The sale had an impressive sell-through rate of 92 percent by lot, with just six pieces failing to sell and only five failing to sell within or above their presale estimates. Taken together with the Sotheby’s results of the previous evening, the sale would seem to confirm the strength of the contemporary art market. In setting the highest-ever total at a contemporary auction, Christie’s breaks its own record, set this spring at a sale that netted the house $388.5 million. Tonight’s sale becomes the second highest in the house’s history—its $491 million Impressionist and Modern sale back in November 2006 continues to hold the top spot. Christie’s made $112.9 million over its low estimate of $289.4 million—and that’s all the more impressive in an auction season where neither of the major houses’ Impressionist and Modern auctions met their respective low-end estimates.
Must be me but I just don't see the $20M-$40M value in most of these pieces. (Scroll down to the bottom for each piece and the final price)
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