Whom You Know: Sotheby's Impressionist & Modern Art Day Sale Totals $40.1 million in NY

Thursday, November 8, 2012

Sotheby's Impressionist & Modern Art Day Sale Totals $40.1 million in NY

Sotheby’s Impressionist & Modern Art Day Sale concluded today in New York with a total of $40,106,775, selling 69.8% by lot. The auction was led by Kees van Dongen’s Deux nus aux ballons, a seven-foot tall painting that achieved $1,314,500 above a low estimate of $1.2 million.

Molly Ott Ambler, Head of Sotheby’s Impressionist & Modern Art Day Sale in New York, commented: “As has been the case in recent seasons, we were impressed by the diversity of property that performed well today – our top ten results alone included Impressionist, Fauvist, Modernist, Cubist and Surrealist pieces. Two portraits by Pablo Picasso from the 1960s both exceeded expectations, featuring Tête d’homme that sold for $1,142,500 (est. $700/900,000), while Surrealist artists including Salvador Dalí, Giorgio de Chirico and René Magritte together dominated the top end of the sale, led by Dalí’s La noblesse du temps from 1975 that brought $752,500 above a high estimate of $600,000. We also saw strong prices for Cubist and Dadaist works, a lifetime Auguste Rodin sculpture in marble, and the watercolor Paysage Breton by Armand Seguin that more than quadrupled its high estimate of $35,000 in selling for $152,500.”

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