Contemporary Art in New York: the star lots
For Christie’s and Sotheby’s, the May sales represent one of the high points of the calendar year. The two market giants generate at least $500 million in two days of sales and usually post increasingly spectacular auction records. In May 2012, their prestige Contemporary Art sales generated $578.3 million from 102 adjudications – a new record at the time – but quickly buried the following year when the two companies’ combined turnover from the same sales reached $691.7 million, with the