With an 82% sell-through, Sotheby's scores with Monet, Schiele, Magritte and Picabia; George Michael tests the YBA market; Phillips new buyer's premium; Bisi Silva, Nigerian curator, dies at 56.
This commentary by Marion Maneker is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)
Sotheby’s London Imp-Mod, Surrealism Evening = £87.7m
Ignore the 22 works offered statistic. There were 22 works offered in the Imp-Mod Evening sale. Another 17 or so were offered during the Surrealism sale. Together the two sales totaled £87.7m. £79.3m was in Impressionist and Modern Art. An additonal £13.9m was sold in the Surrealism auction.
Some of the surprise runners were the Magritte, L’Étoile du matin which made £5.3m over a £4.5m high estimate, Picabia’s Atrata which made £3.7m over a £2m high estimate. Egon Schiele’s Triestiner Fischerboot also out-performed dramatically to sell for £10.67m over at £8m high estimate.
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