CULTURE & ARTS
11/14/2012 08:08 am ET Updated Jan 14, 2013

Sotheby's Contemporary Sale Nets $375.1 M., House Record, With $75.1 M. Rothko In Front

Sotheby's saw its highest-ever auction total last night during a spirited, two-hour-long postwar and contemporary sale in which auctioneer Tobias Meyer hammered $375.1 million worth of art, including buyer's premium, a sum that peaked just over the house's high estimate of $374.7 million for the 69 lots on offer. Fifty-eight of those works sold, for a respectable 84.1 percent sell-through rate by lot, with new artist records for a number of Abstract-Expressionists--Jackson Pollock, Franz Kline, Robert Motherwell, Arshile Gorky and Hans Hofmann--and for the 40-year-old painter Wade Guyton.

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