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Sotheby's contemporary art sales slump 87% from a year ago

 May 2009 - Sotheby's posted it's smallest contemporary auction since May 2003 according to Lindsay Pollock and and Philip Boroff writing for Bloomberg.  With sales of $47 million, Sotheby's was down 87% or $315 million from Sotheby's record a year ago, and below the $51.8 million low estimate. Read more