Big-Ticket Art Comes to Auction This Week



2015-07-06 11:50:53

A Bacon painting, “Three Studies of Lucian Freud,” is just one of a dozen contemporary artworks for auction in New York this week, each with an estimate of over $20 million — the largest number of big-ticket contemporary artworks to come on the market at one time. The astronomical prices reflect what Sotheby’s and Christie’s hope is a fortuitous collision between a global group of trophy hunters looking to buy and a handful of major collectors choosing the same moment to sell high-profile art.
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