CULTURE & ARTS
11/16/2012 08:25 am ET Updated Jan 16, 2013

Warhol Painting Of Mao Tops Auction At Phillips

How much can the contemporary art market absorb in just three days? Before Thursday night's sale at Phillips de Pury & Company, the auction giants Sotheby's and Christie's had together sold nearly $1 billion worth of contemporary work by tried-and-true artists including Rothko and Warhol, Pollock and Kline -- much of it for record-breaking prices.

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