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Sotheby’s Contemporary Curated and Abrams Sales Total $33.6M
Strong performance demonstrates collector demand heading into the fall marquee season.
F ollowing 168开奖官方开奖网站查询:exciting auctions of Asian Art, the mid-season sales at Sotheby’🔜s New York came to a close with two auctions that t𝐆otaled $33.6 million. The average lot value topped $262,000.
In 168开奖官方开奖网站查询:Contemporary Curated, 102 lots achieved a total of $20.5 million, for an industry-leading average lot value of approximately $200,000. On the same day, Artꦏ Without Boundaries: The Abrams Family Collection I, 🅷featuring contemporary artworks owned by the storied publishing family, saw 26 lots sell for $13.1 millio𓆉n.
The New York auctions followed the £16.7 million ($22.3 million) Currents sale series in London – a new program featuring prints, modern and contemporary South Asian art and contemporary African art – all of which🍬 serves as a bellwether as the auction house heads into its fall season.
Featuring 168开奖官方开奖网站查询:selections by agent Rich Paul, Contemporary Curated was led by Ruth Asawa’s Untitled (S.467, Hanging Four-Lobed Continuous Form with a Sphere in the Second Lobe), which surpassed its $3 million high estimate to achieve $4.1 million – the fourth highest auction price for the artist. Works by 168开奖官方开奖网站查询:Cecily Brown ($1.8 million), 168开奖官方开奖网站查询:Fernando Botero ($1.1 million, nearly double its high estimate), 168开奖官方开奖网站查询:Dana Schutz ($1 million) and Paul’s pick 168开奖官方开奖网站查询:Sam Gilliam ($660,000) rounded out the top five, while paintings by 168开奖官方开奖网站查询:Salmon Toor ($240,000) and 168开奖官方开奖网站查询:Elaine de Kooning ($408,000) also passed their high estimates. At 84%, the sell-through rate was exceptionally strong given the a꧟rt market’s macro environment, suggesting a sustained demand among collectors for trading-quality works outside of the marquee s✨eason.
Art Without Boundaries was led by Isamu Noguchi’s 168开奖官方开奖网站查询:Study for Energy Void at $4.7 million, followed by Alex Katz’s 168开奖官方开奖网站查询:Joan ($1.4 million) and works by Botero ($936,000), 168开奖官方开奖网站查询:Bob Thompson ($870,000) and 168开奖官方开奖网站查询:Jean Dubuffet ($540,000). Works by women artists performed especially well as Marisol’s early sculpture 168开奖官方开奖网站查询:The Bicycle Race surpassed its $350,000 high estimate to sell for $456,000 and Mary Bauermeister’s 168开奖官方开奖网站查询:Trichterrelief sold for $264,000, the secoꦚnd highest price for the artist at auct🅺ion.
The excellent sales sound a promising note for the marquee season, which begins with 168开奖官方开奖网站查询:The London Sales later this month, where David Hockey’s 168开奖官方开奖网站查询:L’Arbois, Sainte-Maxime is expected to lead the 168开奖官方开奖网站查询:Contemporary Evening Auction. In Paris, a highly anticipated 168开奖官方开奖网站查询:auction of Surrealist works will celebrate 100 years since the publication of André Breton’s Surrealist Manifesto. And at 168开奖官方开奖网站查询:The New York Sales in November, 168开奖官方开奖网站查询:Sydell Mille൲r’s legendary collection – featuring seminal artworks by Claude Monet, Pablo Picasso, Wassily Kandinsky an🌌d m𝓡ore – is estimated to achieve in the region of $200 million.
