NY auction houses toast staggering billion dollar week

A painting on display during a preview of Christie's Impressionist and Modern Art sales in New York. Photo by AFP

A painting on display during a preview of Christie’s Impressionist and Modern Art sales in New York. —Photo by AFP

NEW YORK: Two of New York’s leading auction houses combined for the art world’s richest sales week ever, with works going under the hammer for a breathtaking total of more than one billion dollars.

Christie’s reaped in more than $638 million dollars at its blockbuster contemporary art auction on Wednesday.

Its staggering haul included a record $58.4 million for a Jackson Pollock drip painting, which shattered all previous records for the highest price for any work at an art auction.

“We are thrilled to announce an unprecedented

Article source: http://dawn.com/2013/05/18/ny-auction-houses-toast-staggering-billion-dollar-week/

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