Sotheby's Boosted Sales to a Bubblicious $4.8 Billion in 2010

[Snoutport]

Source: Art Info

2010 saw the number of lots sold for more than $1 million at Sotheby's more than double.

Read more: http://www.artinfo.com/news/story/37102/sothebys-boosted-sales-to-a-bubblicious-48-billion-in-2010/

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I read Art Daily and I have been shocked how every couple of days a new record is being set in all the art auction houses. Sotheby's year end report sure helps to explain why.

I'll bet if I turned on CNN, within one hour, there would be a lecture about how we all have to tighten our belts a little bit. At least we know where the rich are spending their tax cuts.

[snappyturtle]

1. Art work: the new commodity. nt

[provis99]

2. in other words, the rich are richer than ever.

[Snoutport]

5. and then some

some of the auction prices have been crazy!

[Plucketeer]

3. At the same time

the wealthy have painted the rest of us into a corner. :grr:

[No Elephants]

4. It's the plutonomy, Stupid.