Pursuits
Sotheby’s Sells $188.5 Million in ‘Too Big to Fail’ Auction
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Paintings by Gerhard Richter and Francis Bacon helped Sotheby’s reach 123.5 million pounds ($188.5 million), the company’s highest tally at a contemporary art sale in Europe.
The results on Tuesday in London represented a 40.5 percent increase from Sotheby’s evening sale of the same category a year ago but fell short of the high target of 125.5 million pounds. Of the 75 lots, 87 percent found buyers.