Sotheby’s Consolidated Sales for 2008 Were $5.3 Billion

Consolidated sales for Sotheby’s for 2008 were $5.3 billion. Auction sales were $4.9 billion. Sotheby’s sold the top lot of the year, Bacon’s Triptych 1976 ( $86.3 million). The world record price for Contemporary Art, Bacon’s Triptych 1976, was set at Sotheby’s in 2008. Sotheby’s sold the top lot of the autumn season, Malevich’s Suprematist Composition ($60 million). Sotheby’s sold the top Contemporary lot of the autumn season, Klein’s Archisponge ($21.4 million). Sotheby’s sold six out of the top ten lots in 2008. Sotheby’s sold 726 lots for over $1 million. Sotheby’s sold 114 lots for over $5 million. Sotheby’s sold 41 lots for over $10 million. Sotheby’s sold 14 lots for over $20 million. Sotheby’s further reduced lot volume by 38% in 2008.

Tags:
art business, art money, Sotheby's

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