NEW YORK,
May 18, 2018
/PRNewswire/ --
Sotheby's Flagship Auctions
of Impressionist & Modern and Contemporary
Art Achieve $858.6
Million – Up 35% over May 2017 –
- 16 Lots Exceed $10 million
| 7 Lots Exceed $20
million
- 83% of Lots Sold across 5 Auctions
- More than Half of All Sold Lots Exceed Their High
Estimates
- Sotheby's Worldwide Sales of Impressionist & Modern
& Contemporary Art Are up 20% Year-to-Date over
2017
Contemporary Art Sales Realize
$473.3 million –
Up 15% over May 2017 –
- 15 Auction Records Are Set During the Evening
Auctions, Led by David
Hockney ($28.5 Million) and
Kerry James Marshall ($21.1 Million)
- Contemporary Art Day Sale Reaches Decade-High of
$107 Million
- 30 Auction Records Set | 23
Lots Exceed $1 million
- Works Donated by Artists to Benefit The Studio Museum In
Harlem Total $20.2
Million
- All 42 Works Are Sold | 24 Auction Records
Established
- Sotheby's Worldwide Auctions of Contemporary Art
Are up 18% Year-to-Date over 2017
Impressionist & Modern Art May
Sales Total $385.2
Million – Up 73% over May 2017 –
- Modigliani's Modern Masterpiece Achieves $157.2 Million
- * Highest Auction Price in Sotheby's History
*
- A Quarter of All Works Sold in the Impressionist &
Modern Evening Sale Are Acquired by Asian Private
Collectors
- Sotheby's Worldwide Auctions of Impressionist Art
Are up 23% Year-to-Date over 2017
Private Sales of More than 40 Works This
Week
- Sales of 20th & 21st Century
Art including Works by Alexander Calder, Andy
Warhol, Yayoi Kusama
and Cy Twombly,
And Important Design by Jena Prouvé and Diego
Giacometti
'White Glove' Auctions of Private
Collections
- The Collection of Barbara and
Morton Mandel
-
- 26 Artworks Are 100% Sold for $107.8 Million, With Full Proceeds
Benefiting The Mandel Foundation
- Sculpture from The Collection of Howard and Saretta
Barnet
-
- Masterpieces of African, Oceanic, Pre-Columbian, American
Indian, Classical and Near-Eastern Antiquities Are
100% Sold for $8.4
million
- Led by an Extraordinary Fang-Mvaï Ancestor Statue
That Fetched $3.5
Million
Discovered 300 Years
Apart, Three Diamonds Dazzle at Sotheby's
Geneva
- 'The Farnese Blue' Soars to $6.7
Million After 300 Years in the Same Family
Collection
- Two of the Largest, Purest White Diamonds Ever to Appear
at Auction Sell for a Combined Total of $17.4 Million – Each Weighing over
50 Carats & Perfect by All Critical Criteria –
- Participants from 50 Countries | 73% of
Sold Lots Exceed High Estimates
Important Watches in Geneva
- A Storied Rolex Daytona 'Paul Newman' Wristwatch with
'Toffee' Registers Brings $947,776 –
More than Double Expectations
- A Superb Diamond-Set Skeletonised Tourbillon Wristwatch
by Graff Doubles Its Estimate to Reach $553,119
2018 Lamborghini
Huracán Gifted to His
Holiness Pope Francis
- Sold for €809,375 at RM Sotheby's Biannual Monaco
Auction
- All Proceeds Are Being Donated by Pope Francis
To the Vatican's Preferred Charitable
Organizations
- RM Sotheby's Monaco Sale Realizes $27.5 Million
Last night, Sotheby's (NYSE: BID) concluded a week of
worldwide auctions held in New
York, Geneva, London, Monaco and online, with 2,182 lots sold over
15 auctions for a grand total of over $1
billion*.
In a record week for records at Sotheby's, auction history
was made across the globe, from sales of 20th- and
21st-century art to magnificent jewels, African and
Oceanic Art, watches, cars, rare wines and books. The sales were
led by Amedeo Modigliani's modern masterpiece Nu Couché,
which became the most valuable artwork in Sotheby's history when it
sold for $157.2 million.
Tad Smith, Sotheby's
President & CEO, commented: "Sotheby's
was exceptionally proud to serve such distinguished clients as The
Mandel Foundation, The Studio Museum in Harlem, the owner of The
Farnese Blue, the Estate of Howard
and Saretta Barnet, the consignor of
the Modigliani, and many more, in a week that reached $1 billion in sales. And in the next week alone,
we will host more than fifteen live and online auctions including
the second offering of wine from the Estate of Jerry Perenchio and we look forward to
continuing to deliver outstanding results for our clients around
the world."
Mike Goss, Sotheby's
CFO, added: "As a reminder, in light of the
differences in the timing of our Hong
Kong sales, we encourage investors to look at our rolling
six month results when making second quarter comparisons to last
year."
UPCOMING AUCTIONS
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, artist, estate
& foundation 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 three retail businesses:
Sotheby's Wine, Sotheby's Diamonds, and Viyet, the online
marketplace for interior design. 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).
*Estimates do not include buyer's premium. Prices
achieved include the hammer price plus buyer's premium and are net
of any fees paid to the purchaser where the purchaser provided an
irrevocable bid.
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iPhone, iPad, Android, Apple TV and Amazon Fire
New
York | +1 212 606 7176 | Lauren
Gioia | Lauren.Gioia@Sothebys.com | Darrell Rocha |
Darrell.Rocha@Sothebys.com
London | +44 (0) 207 293
6000 | Mitzi Mina |
Mitzi.Mina@Sothebys.com | Rosamund
Chester | Rosamund.Chester@Sothebys.com
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SOURCE Sotheby's