By Laura Chesters
Private sales and Asian buyers helped Sotheby’s report a 12% jump in sales last year to $5.5bn (£4bn).
Private sales grew 28% to $744.6m, a four-year high. Auction sales rose 8% to $4.6bn, led by a 29% increase in sales of Contemporary art and a 33% improvement in sales of Impressionist and Modern art, compared to the prior year.