New York art auctions expected to generate $2.4 billion next week
Upcoming auctions in New York are projected to bring in roughly $2.4 billion, with Sotheby's alone slated to exceed $1.1 billion. The sales will feature the Blaquier‑Arrieta Collection valued at about $450 million, Vincent van Gogh’s “Chestnut Trees in Flower” priced around $180 million, Paul Cézanne’s “Arlequin” at $120 million, and Wassily Kandinsky’s “Betonte Ecken” estimated between $60 million and $80 million.
Key facts
- Sotheby's, Christie's and Phillips will host the auctions next week in New York
- Van Gogh’s work has not been shown publicly for about fifty years
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Why it matters
The sales highlight the scale of the high‑end art market and its impact on auction house revenues.
What changed
First published from CNBC