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Sotheby’s Picasso Ceramics = £1.7m

March 19, 2015 by Marion Maneker

Sotheby's Picasso Ceramics 315The freight train that is the Picasso ceramics market continued today in London with this sale at Sotheby’s nearly doubling the high estimate. Here’s Sotheby’s release on the sale:

The auction almost tripled its pre-sale low estimate to bring £1,726,625 ($2,548,153), with a 95% sell-through rate by lot and 68% of the works sold achieving prices above their high estimates. Seven of the top ten prices established records for the subjects. The top lot, Tripode, soared above its estimate to bring £233,000 (est. £55,000-65,000), while many pieces reached amounts well above pre-sale expectations, including Chouette visage de femme, which sold for £37,500, more than 12 times its estimate.

o   Pre-sale estimate: £663,300-930,900

o   Participants from 17 countries, from all four corners of the globe, including China, India, Brazil, Slovenia and New Zealand

o   62% of the buyers were first-time collectors of Picasso ceramics at Sotheby’s

o   29% of the buyers were first-time purchasers at Sotheby’s

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