Sotheby's Stuns With $316 Million Contemporary Art Sale

11/10/2011 09:04 pm ET | Updated Jan 10, 2012

(Reuters) - The art auctions ended with a flourish on Wednesday as Sotheby's (BID.N) sold $316 million of contemporary and postwar art, the best result of two weeks of sales and led by a $61.7 million Clyfford Still abstract.

The sale, held amid a backdrop of world financial market turmoil, gave Sotheby's its highest contemporary total since May 2008 -- when the art market was at its peak and just months before the financial crisis took hold.

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