Wednesday, May 18, 2011

Michael Ovitz Makes Sotheby's Appearance

Michael Ovitz appeared in this N.Y. Times article on the recent Sotheby's sale of contemporary art, the highlight of which was Andy Warhol's 1964 work "Sixteen Jackies”, selling at $20.2 million. Apparently this constituted a 'slow night' for Sotheby's, as "the evening totaled $128.1 million, just above its low $120 million estimate."

Pictured is Warhol's "Sixteen Jackies", sold by Peter Brant, a Connecticut newsprint magnate with large holdings of Warhols. We are not aware whether Michael Ovitz, one of the top art collectors in the world, made any purchases on the evening.

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