Sotheby’s Modern evening auction on 19 May generated $264m, or $303.3m including fees, and landed within the $244m to $322.8m estimate range, excluding two lots withdrawn before the sale. The auction opened with Diego Giacometti sculptures, including a pair of “Carcasse” Chenets that sold above estimate after bidding among five participants. From the David and Shoshanna Wingate collection, an untitled Mark Rothko oil-on-paper work sold for $7.5m against a $5m to $7m estimate, becoming one of the most valuable works on paper by the artist sold at auction. Alberto Giacometti’s “La Clairière” sold for $23.1m after a five-minute bidding battle, and “Buste d’homme” sold for $2.6m. The standout lot was Henri Matisse’s “La Chaise lorraine” from the Barbier Mueller Collection.
"Sotheby's Modern evening auction last night (19 May) brought in $264m ($303.3m with fees). Although the sale lacked the blockbuster, record-breaking moments seen at Christie's the previous evening and at Sotheby's own Robert Mnuchin sale last week, the total landed comfortably within its estimate of between $244m and $322.8m, excluding two lots withdrawn ahead of the auction (estimates do not include fees)."
"Another highlight from the Wingate collection was an untitled painting by Mark Rothko from around 1959. The oil-on-paper work, rendered in hazy red and orange tones, was featured in the first exhibition dedicated to the artist's works on paper that toured the US between 1984 and 1986. The painting sold for $7.5m ($9.27m with fees) against a $5m to $7m estimate, making it among the most valuable works on paper by the artist ever sold at auction. The result came one day after Rothko's artist auction record was reset at Christie's. According to Sotheby's, works by Rothko sold across the auction houses this season have totalled $230.5m with fees."
"A major result for the Wingate collection came with Alberto Giacometti's La Clairière (Composition avec neuf figures), which sold for $23.1m against an $18m to $25m estimate after a five-minute bidding battle. Another Giacometti sculpture, Buste d'homme (dit New York I, 1972), depicting the artist's brother Diego, hammered at $2.6m ($3.3m with fees)."
"The standout lot of the evening was Henri Matisse's 1919 painting La Chaise lorraine from the Barbier Mueller Collection. The still life, depicting a wooden chair topped with a plate of breakfast pastries, ha"
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