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Saturday, June 30, 2012

Records Tumble as Billionaires Spend $207 Million at Christie’s - Bloomberg

Records Tumble as Billionaires Spend $207 Million at Christie’s - Bloomberg

 
A self-portrait by Jean-Michel Basquiat sold for a record 12.9 million pounds. The 1981 “Untitled” was entered by a collector from the West Coast of the U.S. who bought it for a record $14.6 million at auction in 2007. Brett Gorvy, Christie’s international head of postwar and contemporary art, was the winning bidder for a telephone client.
The 1989 Gerhard Richter abstract “Struktur (2),” was also bought by Gorvy for a client. It was another guaranteed work fresh to the auction market and made 12.7 million pounds.


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