The commodity of art holds its value entering in 2013. Old Master and Renaissance art rang up sales of classic art at around $170 million, reports Reuters, for the world’s top two high-end auction houses.
Both Christie’s and Sotheby’s recently held auctions at their New York locations.
Christie’s highest price lot was a painting that dates back to the mid-1490s, The Madonna and Child, a painting by Fra Bartololmmeo, which sold for $12.96 million. Sotheby’s highest price item was a painting done in 1751 by Pompeo Girolamo Batoni, Susana and the Elders. It sold for $11.39 million.
Three paintings each sold for more than $10 million and artists' records fell as auction houses Christie's and Sotheby's collectively moved some $170 million in Old Master and Renaissance art this week.