Christie Is Selling, Larry Is Buying

Christie's auction of postwar and contemporary art last night turned out to be a considerably more upbeat affair compared to the mood at Sotheby's lackluster sale on Tuesday. The Christie's event roped in $93.7 million, a little bit less than the $104.5 million high estimate, and only five of 54 works failed to find buyers. And Larry Gagosian continued his shopping spree. The dealer beat out two other bidders for Lichtenstein’s "Frolic," paying $6 million, a new record price for the artist. [NYT]