Townhall.com::The News:: Sotheby's Racks Up $90M at Art Sale

re: "Bidders shelled out $90.2 million in a contemporary art sale at Sotheby's on Wednesday, the latest in a record-breaking week of sales for London auction houses./Sotheby's said the total was a record for a contemporary art sale in Europe. It brings the value of the art sold by the auctioneer in London this week to $327.7 million, with more sales scheduled Thursday./The top lot Wednesday was "White Canoe" by British artist Peter Doig, which sold to an anonymous bidder for $11.3 million _ more than five times the previous record for a Doig work./The vast sums are the latest sign of a boiling-hot global art market. A Sotheby's sale of Impressionist and modern art Monday fetched $186 million, the auction house's biggest ever sale in Europe...[snip]...On Thursday, Sotheby's rival Christie's is scheduled to auction a portrait by British painter Francis Bacon. It was expected to sell for about $23 million, a record for the artist..."...