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Sotheby's updates on auctions results

Nov. 20, 2017 9:29 AM ETSotheby's (BID) StockBy: Clark Schultz, SA News Editor
  • Sotheby's (NYSE:BID) reports that global auctions last week brought in $852M, boosted by strong demand for contemporary art.
  • "Our flagship sales of Impressionist & Modern and Contemporary Art achieved strong year-over-year growth this week, delivering great results for Sotheby's consignors and investors, and enticing bidders across categories and price points," updates Sotheby's CEO Tad Smith.
  • "We head into 'A Life of Luxury' week in New York and our Old Masters sales in London with great momentum," he adds.
  • The top lot of the week was the $38.6M for Francis Bacon's "Three Studies of George Dyer."
  • Source: Press Release

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