Thursday, January 3, 2008

Sothebys Sold $5.33 billion of Art at Auctions in 2007

Sotheby's sold $5.33 billion of art at auctions, and arranged more than $668 million of private deals outside the public salerooms, said analyst George Sutton at Craig-Hallum Capital Group LLC of Minneapolis. That was a 46 percent increase from $3.66 billion a year earlier. Christie's estimated its art sales at about $6 billion last year.[from Bloomberg]