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Last updated: May 16, 2008 10:24 am

Highlights of May 2008 art auctions

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IN Visual Journalism

The art market is put to the test in May, with auction houses Sotheby’s, Christie’s and Phillips de Pury all holding major sales. Results so far show that art collectors are shrugging off financial market woes and a looming economic downturn. (Note that purchase prices generally include buyer’s premium.)

  • Sotheby's New York contemporary art sale on May 14-15. Estimate in the region of $70m. Sold for: $86.3m, the highest price ever paid for a contempory work of art at auction
    Sotheby's New York contemporary art sale on May 14-15. Estimate in the region of $70m. Sold for: $86.3m, the highest price ever paid for a contempory work of art at auction
  • Sotheby's New York contemporary art sale on May 14-15. Estimate: $6m-8m. Sold for: $23.7m. New auction record for artist
  • Sotheby's New York contemporary art sale on May 14-15. Estimate: $6m-8m. Sold for: $10.7m
  • Sotheby's New York contemporary art sale on May 14-15. Estimate: $2m-3m. Sold for: $3m
  • Christie's New York post-war and contemporary art sale on May 13. Estimate: $25m-35m. Sold for: $33.6m, the highest price ever paid for the work of a living artist
  • Christie's New York post-war and contemporary art sale on May 13. Estimate: $6m-8m. Sold for: $7.1m
  • Christie's New York post-war and contemporary art sale on May 13. Sold for: $50.4m
  • Christie's New York Impressionist and modern art sale on May 6. Sold for: $41.5m. New auction record for artist
  • Christie's New York Impressionist and modern art sale on May 6. Sold for: $12.4m
  • Christie's New York Impressionist and modern art sale on May 6. Sold for: $27.5m. New auction record for artist
  • Christie's New York Impressionist and modern art sale on May 6. Sold for: $17m
  • Sotheby's New York Impressionist art sale on May 7. Sold for: $39.2m
  • Christie's Hong Kong Asian contemporary art sale on May 24-25. Estimate: $1.5m-1.9m. Sold for: $2m
  • Christie's Hong Kong Asian contemporary art sale on May 24-25. Estimate: $1.9m-3.2m. Sold for: $9.7m
  • Christie's Hong Kong Asian contemporary art sale on May 24-25. Sold for: $6.9m
  • Christie's Hong Kong Asian contemporary art sale on May 24-25. Estimate: $512,800-615,400. Sold for: $691,060
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