Sotheby’s had their largest ever auction recently at $362 million for 83 lots. Among those that
sold well were Francis Bacon’s Triptych, which sold for $86 million, Murakami’s 8ft tall nude My Lonesome Cowboy which is the most expensive ejaculation ever sold at auction went for $15.2 million and 33 lots from the Lauffs Collection totalling $96 million among others.
The nights big disappointment was Mark Rothko’s 1956 Orange, Red, Yellow which didn’t receive any bids, even though a similar piece sold for $50.4 million at a Christie’s auction on Tuesday.
Some were surprised when Banksy, the London street artist, failed to sell his piece at what was his first appearance in a Sotheby’s New York evening sale. The painting, “Four quaking cloaked figures, on their knees, pray and prostrate to a red sign announcing `Sale Ends Today‘, was estimated to sell at $800,000.
For more information you can read the bloomberg article.







May 19 2008
Ryan




