Published November 20, 2022 at 12:41Updated November 20, 2022, 4:43 pm
In two weeks, art auctions in New York will cross the $3 billion mark for the first time, up from the usual 1.5 to 2 for big spring or fall sales. The sale of the Microsoft co-founder Paul Allen collection alone represents $1.6 billion with taxes paid by the buyers. Five paintings exceeded 100 million and 100% of the 150 lots spanning 500 years of art history were sold.
Well over 484 million dollars for the YSL-Pierre Bergé collection auctioned by Christie’s Paris a few months after the bankruptcy of Lehman Brothers, 828 million for that of David Rockefeller at Christie’s New York, 922 million for that of the promoter Harry Macklowe, sold at Sotheby’s New York in May when we weren’t quite done with Covid.
