Dec. 27 (Bloomberg) -- Sotheby's, the world's second-largest auction house, sold about 46 percent more art this year as U.S., Russian and Asian collectors bid up prices for contemporary artists such as Francis Bacon and Jeff Koons.
Sotheby's art auctions in 2007 totaled $5.33 billion, up from $3.66 billion a year earlier, according to preliminary figures on Sotheby's Web site. Contemporary art sales in New York in November more than doubled to $418.3 million, the Web site said....