$52 Million for a Painting, Billion Dollar Week for Christie's, $30 Million Ruby

It has been a busy and profitable week for auctioneers. Records are being broken, and high prices are being paid. Here is a quick rundown of recent luxury auction activity.

A painting by Lucian Freud sold for $56.2 million at a Christie's auction. The painting was "Benefits Supervisor Resting."

A 25 carat Burmese ruby set in a platinum ring accompanied by diamonds was hammered at $30.3 million at a Sotheby's auction.

An auction house sold more than $1 billion of art in one week for the first time ever. That auction house was Christie's, which sold postwar and contemporary art.

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