An Auction Record $66 Million For A de Kooning Last Night But Sales Are Down Substantially Since 2014

“And yet, sales were down from years past—last November’s postwar sale, with just a few more lots, netted $331.8 million, indicating a drop of 16 percent. But that auction was considered a disappointment, and if you compare Tuesday’s sale to that of November 2014, which brought in $852.9 million over 72 lots, you’d see a two-year dip of 67 percent. The market contraction continues apace.”