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March 21, 2007

Albright-Knox Gallery first sale makes $18 million

Well, at least they made a pile of money for their purchasing fund. The Buffalo News version: different pictures. According to the Buffalo News version the estimate was $15 million, so $18 is a good thing. I guess.

Whoops - I read the Buffalo News version too quickly - it's much more helpful. $18 million (in the NYT) is the gross. The gallery's net take was $16.1 million - and that's from only the first 22 of 207 objects and the $15 million was an estimate for the whole process.

Posted by CrankyProfessor at March 21, 2007 7:26 AM