Londoner Adele was also named top female artist, with hip hop star Drake named top male artist.
Michael Jackson , once Yetnikoff's top artist and the biggest star in the business, is considered a freakish eccentric and faces charges of child molestation.
Adele has been named Billboard's top artist of 2012, while her hit record 21 was named top album of the year in the music magazine's annual review.
Former X Factor contestants One Direction rounded off a successful year of US invasion after being named top new artist and Maroon 5 were top group.
The top five artist albums in the first three months were all released on labels owned by the Universal Music Group.
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Scottish violinist Nicola Benedetti won the award for top female artist, while the best male artist award went to Vasily Petrenko, the Russian conductor of the Royal Liverpool Philharmonic Orchestra.
Still, Kngwarreye's fans may have to wait a long time before her works fetch the prices that a top modern western artist achieves.
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He won the Country Music Association's best new artist in November, was tied with Swift as the top-nominated country artist at Sunday's Grammy Awards, where he performed, and now takes center stage in Las Vegas.
Foxworthy is the linchpin of a multi-million-dollar empire and the top-selling comedy recording artist of all time.
Taylor Swift was the lone US artist in the top five with her fourth studio album Red.
Dance DJ Guru Josh was the only other male artist in the top 10 with Infinity 2008 at number six.
Mr Garnett, an American jazz drummer who has played with many of the jazz world's top performers, is the current artist in residence.
After the Bee Gees, though, it took 24 years for another artist to claim the top two spots on the Billboard Hot 100.
But when he sticks to his own subject, Mr. Wall allows readers to share his wonder at the circus world's arcane jargon: a "board muffin" (assistant standing on the top perch to help the trapeze artist) uses a "noodle" (hooked staff) to catch the trapeze.
Lady Gaga is the only artist in the digital era to top the 5 million sales mark with her first two hits.
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To cap it all off, Adele's 2008 record, "19, " finds itself as the tenth-highest selling record so far this year with 539, 000 sold, making her the first artist to have two albums in the top 10 since Justin Bieber scored a pair halfway through 2010 with "My World 2.0" at No. 2 and "My World" at No. 9.
That album generated three Top 20 hits and helped Hornsby win the Best New Artist Grammy, and it laid the groundwork for a wildly diverse career encompassing jazz, pop, classical, bluegrass, folk, rock and Vaudeville.
And here's another challenge for a soul artist in the 21st century: It's hard to top those great songs from the 1960s and '70s.
"There is an argument to be made that an artist or musician who dies when he's at the top has tremendous afterlife sales, " he muses.
No Latin contemporary artist has yet to break into either auction house's Latin top-ten sales list.
Michael, who would ascend higher than any black artist in music history, learned a bitter lesson: Even at the top of the mountain, there is only the man in the mirror.
The last artist to secure the official charts double was Rihanna, who held the top spot on both the singles and albums chart in November last year with We Found Love and Talk That Talk.
The New York Film Critics Circle Kicked off the 2011 awards season today by giving top honors to a silent, black and white film about the arrival of talking pictures: The Artist.
FORBES: Awards Season Kicks Off With Critics Win for 'The Artist'
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