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Sunk Costs at Sotheby’s Contemporary Sale

By Judd Tully

Published: November 11, 2008
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Courtesy Sotheby's
The evening's top lot, Yves Klein's "Archisponge (Re 11)" (1960) sold for $21,362,500 (estimate in the region of $25 million).

The contemporary evening sales resume Wednesday at Christie’s with 75 lots estimated to earn $227.1–327.5 million.

Judd Tully is Editor at Large of Art+Auction.

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