SOTHEBY’S EVENING SALE OF IMPRESSIONIST, MODERN & SURREALIST ART TOTALS £163.5 MILLION / $266.7 MILLION HIGHEST-EVER TOTAL FOR ANY AUCTION HELD BY SOTHEBY’S IN LONDON Our Coverage Sponsored by Cosmopolitan Dental, Official Dentist of Whom You Know
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WORKS FROM THE PRIVATE COLLECTION OF JAN KRUGIER SOAR:
RECORDS SET FOR WORKS ON PAPER BY PICASSO, GIACOMETTI AND BONNARD
RESTITUTED MASTERWORK BY PISSARRO MAKES RECORD £19.7 million
· The top lot of the evening was Camille Pissarro’s restituted masterwork Le Boulevard Montmartre, matinée de printemps (1897), which achieved £19,682,500/$32,108,062 (est. £7/10 million) - a new record for the artist at auction
· Vincent Van Gogh’s L'Homme est en mer (1889) soared to £16,882,500 / $27,540,422, double the high estimate (£6/8 million) - the highest price for painting by the artist sold at auction in London in 25 years
· Pablo Picasso’s Composition (Composition au Minotaure) from the private collection of Jan Krugier sold for £10,386,500 / $16,943,497 (est. £1.8-2.5m) – a record price for a work on paper by the artist at auction
· Global participation was evident throughout the sale process, with works consigned from 10 countries sought-after by participants from an unprecedented 44 countries
o Tonight witnessed the highest number of registered bidders ever for a London sale of Impressionist & Modern Art at Sotheby’s
· With 88.8% sold by lot, tonight’s auction marks the fifth consecutive evening sale of Impressionist & Modern Art at Sotheby’s worldwide with a sell-through rate over 80%
o Nearly 60% of sold works brought prices above their high estimates
o 37 works were sold for over £1 million; 52 works were sold for over $1 million
TONIGHT’S AUCTION AT A GLANCE
WORKS FROM THE PRIVATE COLLECTION OF JAN KRUGIER
The evening began with 37 Works from the Private Collection of Jan Krugier, which totalled £53,260,500 / $86,883,854 - double the high estimate (est. £18.5/27.1 million)
o 100% of works sold
o 80% of the lots sold for prices above their high estimates
o The group was led by Pablo Picasso’s Composition au Minotaure (see above)
o Alberto Giacometti’s iconic sculpture Homme Traversant Une Place Par Un Matin De Soleil(1951) achieved £8,482,500 / $13,837,502 (est. £3/5 million)
o Auction records were established for works on paper by Pablo Picasso, Alberto Giacometti, Pierre Bonnard, and a for single print by Pablo Picasso (further details below)
o A further 82 works from the collection will open Sotheby’s Impressionist and Modern Art Day Sale tomorrow
NEW AUCTION RECORDS
· Record price for a work on paper by Pablo Picasso - Composition (Composition au Minotaure) from 1936 sold for £10,386,500 / $16,943,497 (est. £1.8-2.5m)
· Record price for a print by Pablo Picasso - La Femme qui pleure I (1937) sold for £3,218,500 / $5,250,339 (est. £1.2-1.8m)
· Record price for a work on paper by Alberto Giacometti – Femme nue debout(1946) sold for £1,022,500 / $1,668,004 (est. £120,000-180,000)
· Record price for a work on paper by Pierre Bonnard - Nu dans la baignoire (c.1940) sold for £602,500 / $982,858 (est. £180,000 — 250,000)
· Record price for Kay Sage - Le passage (1956) sold for £4,338,500 / $7,077,395 (est. £70,000—90,000)
Watch: www.youtube.com/sothebys
