Sales of Impressionist and modern art at Sotheby’s auction house rake in more than $181 million, surpassing estimates.
By Chris Kokenes, CNNMoney.com. November 6, 2009.
NEW YORK (CNN) — A recent sale of Impressionist and modern art at Sotheby’s auction house exceeded sales estimates and raised the hopes of industry insiders that a rebound is under way.
Sotheby’s reported total sales of $181,770,000 on Wednesday night and featured five works that sold for more than $10 million. The auction house initially thought it would take in $115.3 million.
“Wonderful,” said Emmanuel Di Donna, Sotheby’s vice chairman, Impressionist and modern art worldwide, director of evening sales. Read the rest of the story.