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Modest Success at Christie's Cheers Art World
Hockney breaks record as auction house sells $93.7M
By Jason Farago
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Posted May 14, 09 6:32 AM CDT
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(Newser)
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Christie's contemporary auction in New York last night went better than expected, selling $93.7 million worth of postwar art—double the result of its rival Sotheby's the night before. The top lot was a 12-foot panorama by British painter David Hockney, which sold for $7.9 million, a record for the artist. But while the art world was cheered by last night's result, a recovery is still far away; at last year's spring sale, Christie's sold more than three times as much.