Modest Success at Christie's Cheers Art World

Hockney breaks record as auction house sells $93.7M
By Jason Farago,  Newser Staff
Posted May 14, 2009 6:32 AM CDT
Modest Success at Christie's Cheers Art World
David Hockney's painting "Beverly Hills Housewife" is on display, right, during an auction during the Post-War and Contemporary Art evening sale at Christie's Wednesday, May 13, 2009 in New York.   (AP Photo/Frank Franklin II)

Christie's contemporary auction in New York last night went better than expected, selling $93.7 million worth of postwar art—double the result of its rival Sotheby's the night before. The top lot was a 12-foot panorama by British painter David Hockney, which sold for $7.9 million, a record for the artist. But while the art world was cheered by last night's result, a recovery is still far away; at last year's spring sale, Christie's sold more than three times as much.
(More art market stories.)

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