Sotheby’s has reported $1.25 billion in global auction results for Contemporary Art last year, making 2012 its third most successful year in history, and the highest in history for Contemporary Art. “The marketplace and demand for contemporary art has never been stronger or more international – of the top 20 prices achieved by Sotheby’s last year, more than half were post-war and contemporary masterworks.” Says Sotheby’s Chairman of Contemporary Art Europe Cheyenne Westphal.
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