PAPER CHASE
by Deborah Ripley

Though the report in today’s New York Times that luxury retail sales in October had hit new highs for the year didn’t include the fine print market, it may as well have. Print auctions in New York roared back last week with works by Pablo Picasso and Andy Warhol powering the charge.

The Print Auctions
While print sales in April 2008 saw Sotheby’s fetching a total of $4.5 million and Christies just under $3 million, last week’s totals show Sotheby’s slamming the boards at $8,47,000 total (with 203 lots sold) and Christie’s trailing close behind at $7,605,000 (with 373 lots sold). These numbers are about par with results from a year ago, when Sotheby’s did $8,325,317 and Christie’s $8,165,662.

...cont'd.

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