Pursuits
Fontana Boosts $62 Million Art Sale as Buyers Go Back to 1960s
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Works by Yves Klein, Lucio Fontana and Gerhard Richter sold at an auction in London as buyers chose classic 1960s works and declined to pay high asking prices.
The three top lots sold within estimates at a Sotheby’s sale last night that raised a total of 41.1 million pounds ($62 million). Dealers said the market recovery for contemporary art was taking a breath after the biggest slump since 1990.