Sotheby’s modern and contemporary evening sale in London last night totaled £99.7 million ($127.2 million), safely within its presale estimate. But the total was more than 40% down from the £172.6 million ($220.2 million) that the auction house achieved from last year’s edition of the sale. (All prices include fees.)
The sale set three new auction records, led by Japanese artist Takako Yamaguchi, whose Catherine and Midnight (1994) sold for more than double its estimate to achieve £889,000 ($1.1 million). The sale marked the first time a work by the artist has been offered in a London auction.
Several works significantly exceeded their presale estimates, including Françoise Gilot’s Portrait de Geneviève avec un collier de colombes (1944) which sold for £723,900 ($918,774), four times its estimate; and Victor Man’s The Chandler (2013), which sold for £406,400 ($515,803), five times its high estimate.
The top five results from the evening were as follows:
- Pablo Picasso’s Homme à la pipe (1968) sold for £13.7 million ($17.4 million).
- Claude Monet’s Arbres au bord de l'eau, printemps à Giverny (1885) sold for £7.7 million ($9.8 million).
- Paul Signac’s Saint Tropez. Le rayon vert (1907) sold for £6.8 million ($8.7 million).
- Francis Bacon’s Study of George Dyer (1970) sold for £5.6 million ($7.1 million).
- Joan Miró’s Sans titre (Soirée snob chez la princesse) (1946) sold for £4 million ($5.1 million).
Other than Yamaguchi, the artists who set new auction records were:
- Etel Adnan, for an “early untitled abstract work,” which sold for £444,500 ( $564,159).
- Rebecca Warren, for Fascia (2009) which sold for £571,500 ($725,348).
from Artsy News https://ift.tt/8QU1PE7
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