A contemporary art auction at Christie's in New York Tuesday night exceeded the highest estimate of $330 million, bringing in a whopping $388.5 million and firmly establishing a new contemporary art boom that looks suspiciously familiar.
Sotheby's $266.6 million contemporary art auction in New York Wednesday night would have made a much bigger splash if it hadn't come a day after Christie's $388.5 million night set a record in the field.
It's an awkward time to be a rich liberal in New York: Even though many of the city's well-heeled elite sympathize with the protesters in Zuccotti Park, they're part of the 1 percent those folks are protesting.
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