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Modern art sale Sotheby's personal best

Nov. 16, 2007 at 1:05 AM   |   Comments

NEW YORK, Nov. 16 (UPI) -- A sale of contemporary art by well-known artists like Francis Bacon and Jeff Koons set a record for Sotheby's auction gallery in New York.

The total bid Wednesday night was $315.9 million, The New York Times reported. That came a day after a contemporary sale at Sotheby's rival, Christie's, brought in $325 million.

Bacon's "Second Version of Study for Bullfight No. 1" (1969) went for $45.9 million, the highest price of the evening. A Bacon self-portrait sold for $33 million.

Sotheby's had guaranteed the two paintings for $60 million. The auction house was committed to paying the seller at least that much whether they reached it or not.

Koons' "Hanging Heart (Magenta/Gold)" sold for $23.5 million. Koons made five versions in different colors.

© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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