Christie’s London contemporary art sale down on 2011

LONDON (Reuters) – Christie’s raised 41.2 million pounds ($62 million) from its combined London sales of post-war, contemporary and Italian art late on Thursday, towards the lower end of pre-sale estimates and down on the equivalent auctions of 2011. The world’s biggest auctioneer had expected to sell art worth 36.6-51.9 million pounds, and when buyers’ premium are deducted, Thursday’s total comes in at around the low estimate. Last year the combined tally was 55.7 million pounds. …

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