Christie’s Contemporary Art Auction Sets Record at $495 Million

May 16, 2013 3:55 AM

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Christie’s Contemporary Art Auction Sets Record at $495 Million

Even the pros were reeling. “It shows how broad the market is — as in deep pockets,” said the dealer Larry Gagosian.

A salesroom overflowing with high-profile collectors — including the Los Angeles financier Eli Broad; the Barnes & Noble founder Leonard Riggio; the vice chairman of Blackstone Group, J. Tomlison Hill; and the chairman of J. Crew, Millard Drexler — watched with rapt attention as work after work fetc...

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