Shot of the Contemporary Art Evening Auction. Image courtesy of Sotheby’s.
Last night in London, Sotheby’s demonstrated a sound Contemporary Art Evening Sale, with sales totaling £69 million, against an estimate of £57-82 million. They possessed a good sell-through rate at 87.3% by lot and 93.4% by value. In a press release, Cheyenne Westphal, Sotheby’s Chairman of Contemporary Art Europe, was quoted: “The auction this evening was led by blue-chip artists, such as Bacon, Basquiat, Richter and Lichtenstein… With buyers from 15 different countries, the global demand for this area of the market continues to be underlined.†Despite the overall formidable sales of last night, Sotheby’s did not receive quite the same reception as it did in its evening auction in New York in the Spring.
Glenn Brown, The Tragic Conversion of Salvador Dalà (After John Martin) (1998), which sold for £5.2 million with an estimate of £2.2-2.8 million
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