Christie’s S.I. Newhouse and 20th-Century Sale Jointly Net $507 Million, Signaling a Cautious Market That’s Still Willing to Shell Out for Rarities
New York’s spring auction season kicked off this evening with a double-header at Christie’s, starting with a tranche of 16 works from the collection of the late media magnate S.I. Newhouse, followed by a corresponding 20th-century evening sale that spanned 56 lots. Respectively, the auctions netted $178 million and $328.8 million (with fees factored in; … [Read more…]