LONDON AUCTIONS ARE LIN-SANE!!

Christie’s evening auction of Post-War and Contemporary art managed to bring in $126.5 million, the second highest total for the category at Christie’s London and a post-2008 high. The rare sale of a Francis Bacon painting pushed sales at Christie’s Postwar and Contemporary Art auction this week to levels not seen since 2008. When the hammer came down on the final lot, the auction house had pulled in £80.5m and achieved its second highest earnings for a contemporary sale since they began in 1977. Art experts say that growth at the top end of the market has been partly driven by a new wave of Asian billionaires, especially from China. Also the Qatari government is dominating the market right now, as they purchase items for the country’s new museum. Not to be overlooked, a auction of print works by the late Lucian Freud resulted in a record-breaking sale of prints by the artist.