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Doig, Fontana, Burri Lead Christie's $121.5 Million Frieze Sales

  • `I bid on 20 lots. I got three,' says art dealer Nicolo Cardi
  • Fourteen individual artist records are set during 3-hour sale

Paintings by Peter Doig, Alberto Burri and Lucio Fontana led Christie’s boisterous sales of contemporary and Italian art, which tallied 78.7 million pounds ($121.5 million) in London.

The two auctions on Friday capped a marathon week coinciding with the Frieze Art Fair. Sotheby’s, Christie’s and smaller rival Phillips combined sought to sell art valued at as much as 260.8 million pounds. The results are seen as the first test of the art market’s health since a decline in stock prices in August and September rattled global investors. In May, the three auction houses sold a record $2.7 billion worth of art in New York.