Alex has written for Vanity Fair, Barrons, Bloomberg and Condé…
Fueled by 31 choice works from the estate of literary giant Michael Crichton, which earned $93.2 million, Christie’s post-war and contemporary art evening sale last night posted a whopping $231,907,000 total, easily surpassing the high-end of its $207.4 million pre-sale estimate. Overall, 74 of the 79 lots offered sold, which translated to a super-slim six percent buy-in rate by lot. Fifty-one of the 74 that sold made more than a million dollars, with a dozen of them pulling more than $5 million and five exceeding $10 million. American buyers dominated the action, picking up 72 percent of the lots. Europe provide 21 percent of the auction, while seven percent were designated by Christie’s as “other.” – From Art Info
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.