Earlier this week Sotheby’s opened the fall auction season with an impressive record high of $422 million in sales in a single auction for the world’s fourth oldest auction house in continuous operation.

As reported here, of the 73 lots up for auction, 15 lots did not sell, hence the average sell-through rate of

In a recent announcement by Sotheby’s earlier this week, a significant collection of modern and contemporary art compiled by two of the 20th century’s most renowned collectors is expected to generate in excess of $85 million in sales during Sotheby’s upcoming contemporary and modern art auctions next month.

As recently reported here, some

The art market not only seems to have found its former self but may be in for a total makeover.

Last Wednesday night, Sotheby’s fetched approximately $190 million for 50 pictures. More about the Sotheby’s auction can be found here:

www.nytimes.com/2010/05/14/arts/14iht-melik14.html

The previous night Christie’s sold a Jasper John’s “Flag” for $28.6 million which was