Friday, November 6, 2009

A Rally Marked by Bold Strokes



By SOUREN MELIKIAN




NEW YORK — A new breeze of optimism blew over the art world this week. As a host of top level Impressionist and Modern works came up on the block and triggered bidding matches as intense as any in pre-recession days, prosperity appeared to have been fully restored to the auction scene.




The rally, rather discreet on Tuesday at Christie’s where a very thin sale nevertheless managed to rake in $65.67 million, became spectacular at Sotheby’s on Wednesday when the pickings added up to just over $181 million, exceeding the global high estimate for the first time since May 2006.
Image: Kees van Dongen's 1910 “Jeune Arabe” was sold for a world record of $13.8 million at Sotheby's on Wednesday night.

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