LONDON, Oct. 6, 2017 /PRNewswire/ -- Sotheby's
(NYSE: BID) autumn sales of Contemporary Art in London concluded today with a combined total
of $114.1 million, a 10% increase
over the same series held one year ago. This week's results
bring the total value of Contemporary Art sold at Sotheby's
London so far this year to
$405.1 million. Worldwide sales
of Contemporary Art at Sotheby's are up more than 30%
year-to-date.
"We are very pleased with the results achieved in London this week, which followed successful
sales of Western and Asian Contemporary Art in Hong Kong last week, as well as offerings from
the collections of Mario Testino and
Edward Albee in London and New
York last month," said Tad
Smith, Sotheby's CEO. "The global demand for
Contemporary art at all price points bodes well for the major
upcoming sales in November."
The Evening Sale of Contemporary Art was led by one of the
greatest David Hockney landscapes in private
hands, 15 Canvas Study of the Grand Canyon (1998),
which sold for $7.9 million – the
second highest price for the artist at auction, following the
record set in Sotheby's New York
salesroom earlier this year.
The most valuable artwork sold this week was Cy
Twombly's Untitled, which achieved
$8.5 million, and a new auction
record was set for Josef
Albers, whose Homage to the Square:
Temperate sold for $3
million.
About Sotheby's
Sotheby's has been uniting collectors
with world-class works of art since 1744. Sotheby's became the
first international auction house when it expanded from
London to New York (1955), the first to conduct sales in
Hong Kong (1973), India (1992) and France (2001), and the first international
fine art auction house in China
(2012). Today, Sotheby's presents auctions in 10 different
salesrooms, including New York,
London, Hong Kong and Paris, and Sotheby's BidNow program allows
visitors to view all auctions live online and place bids from
anywhere in the world. Sotheby's offers collectors the resources of
Sotheby's Financial Services, the world's only full-service
art financing company, as well as the collection advisory services
of its subsidiary, Art Agency, Partners. Sotheby's
presents private sale opportunities in more than 70 categories,
including S|2, the gallery arm of Sotheby's Global Fine Art
Division, and two retail businesses, Sotheby's Diamonds and
Sotheby's Wine. Sotheby's has a global network of 80 offices in 40
countries and is the oldest company listed on the New York Stock
Exchange (BID).
New York | +1 212 606
7176 | Lauren Gioia |
Lauren.Gioia@Sothebys.com |
Dan Abernethy |
Dan.Abernethy@Sothebys.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/sothebys-london-contemporary-art-sales-this-week-total-1141-million-300532694.html
SOURCE Sotheby's