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| Worth Noting |
Art Auctions Skyrocket
01/25/2007
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Sotheby's art business in the U.S. jumped 52 percent in 2006
thanks, in part, to pricey Picassos and Cezannes, according to a January 2
report from Bloomberg. The world's second-largest auction house (Christie's is
larger) sold $1.8 billion worth of art in the United States. Worldwide,
Sotheby's reported that it sold $3.66 billion worth of art, up 36 percent from
2005. Sales in Sotheby's relatively new market in Asia were up 29 percent to
$282.3 million.
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