Sotheby's Contemporary Art Sale

by Nicole Weston (RSS feed)
May 11th 2006 at 5:03PM

Sotheby's New York held their most successful contemporary art sale to date yesterday, selling almost $130 million worth of art. The best selling piece of the show was Roy Lichtenstein's "Sinking Sun," which came in at $15,696,000, but surprised no one because it was estimated at $15-20 million. The biggest surprise came from an untitled abstract work by William de Kooning, which more than doubled its estimate to sell for the same price as the Lichtenstein. Work by a number of younger artists, including Andreas Gursky, Christopher Wool and Cecily Brown set records, as did pieces from 7 other artists. Only three pieces were unsold when the final gavel fell, two of which were Warhols.