Sale of contemporary art at Sotheby’s summed up to $200 million

With the American economics playing yo-yo, it was surprising to read about the recent record-breaking art auction held by Sotheby’s in London. The prestigious auction house has achieved its record sales for contemporary art with a sale of £ 95,030,000 ( $200,000,000; € 124,117,336). The evening however was dominated by European buyers, mainly Russians and the British and not Americans (blame it on their stock markets). However this didnt stop American art from going under the hammer for astonimical sum. New York collector Philippe Segalot bagged a winning a turnover of a record Lucio Fontana, “Concept Space / The end of God” (1963), estimated between 4 and 6 million pounds and fought for £ 10324500 (€ 13492753).


£ 19,956,500, the highest figure of the evening for a work of Francis Bacon “Study of Nude figures with a Mirror” (1969).
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