Art Auction Rakes in Record-Smashing $745 Million
(NEW YORK) -- An art sale at Christie's in New York brought in a record $745 million, the highest total for a single auction in art market history, achieving record prices for works of 10 artists.
The post-war and contemporary art sale on Tuesday was expected to bring in $500 million, but it surpassed the auction house's record $691.6 million event last November.
Among the 68 lots sold, here are the five priciest items from Christie's sale:
- "Black Fire I" (1961) by Barnett Newman (1905-1970) spans 114 x 84 inches. The $84.2 million sale is a world auction record for the artist.
- "Three Studies for a Portrait of John Edwards" (1984) by Francis Bacon (1909-1992) was expected to be worth $75 million, but brought in $80.8 million.
- "Untitled" (1952) by Mark Rothko (1903-1970) brought in $66.2 million.
- "Race Riot" (1964) by Andy Warhol (1928-1987) brought in nearly $62.9 million.
- "White Marilyn" (1962) by Andy Warhol (1928-1987) was estimated to be worth $12 million to $18 million, but it brought in more than $41 million.
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