- 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