The result was a solid, though not stunning, £137.5 million ($190 million), with seventeen of the lots selling above estimates and only four lots unsold. This now rates as the highest total for any postwar and contemporary art sale in Europe—even if, at times, it didn’t feel like it.There are a number of reasons why the very successful sale—Christie's sold 60 out of 65 lots for a 92% sell-through rate—seemed to lack energy but the primary one seems to be that the top of the market lacks energy. At another time we will discuss the rising pressure from the middle market but, for now, let's just accept that six of the ten top lots in the sale made numbers that were either pre-ordained by outside arrangements, near the low estimate or at prices that made little forward advance on resales. There was also Christie's curious choice to open the sale with a series of photographs and a Lalanne desk which also struck Gleadell:
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