Sotheby’s Catches Up To Christie’s

After two years, Sotheby’s has caught up with rival Christie’s in art sales. “Annual turnover figures published this month show that in the year ending 31 December 2002, Sotheby’s sold $1.77 billion (£1.11 billion) worth of art, while Christie’s announced sales of $1.9 billion (£1.3 billion). But the Christie’s figure included private treaty sales of $120 million, so for auction sales the two companies are about even.”