Christie’s and Sotheby’s prepare to auction off $2 billion worth of works in New York

It's fall. Leaves in Central Park are golden and so are profits in the art world, as Christie's and Sotheby's prepare to auction off $2 billion worth of works in New York. From November 4 to 12, the two auction houses go head to head in selling hundreds of pieces of modern, impressionist, post-war and contemporary art, six months after the spring season smashed a string of records and netted more than $2.6 billion. Fuelled by rising demand from Asia and the Gulf, it was 10 days of eye-watering extravagance that set a new world record for any work of art sold at auction -- $179.4 million for a Picasso. "Buyers in the art market have never been more diversified," explained Michael Macaulay, head of evening sales in contemporary art at Sotheby's. "Ten years ago you'd say an American abstract expressionist painting is probably going to end up in the States but I think now genuinely, as never before, it could go to any corner of the world." Sotheby's kicks off the season by selling the priv

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