"In a nearly three-hour marathon double sale, the first in its new Breuer Building digs, Sotheby's on Tuesday evening sold Gustav Klimt's portrait of Elisabeth Lederer for $236.4 million, the second highest price ever paid for an artwork at auction-and that wasn't all. Two Klimt landscapes later, the auction house had sold a total of nearly $400 million in paintings by the Vienna Secession artist."
"The Lauder portion of the evening totaled $527.5 million, far outdoing itspre-sale low estimate of $379 million, and auctioneer Adrien Meyer finished off by saying, "it's an absolute triumph, we are thrilled." But at that point, the evening wasn't even half over. Next, the gavel was handed to Phylis Kao for the "Contemporary and the Now" sale which, estimated at $143.6 million-$198.25 million, brought in a total of $178.5 million. The evening's overall total was $706 million; the low end of its pre-sale estimate was $522.8 million."
Sotheby's held a nearly three-hour double sale at its Breuer Building where Gustav Klimt's portrait of Elisabeth Lederer sold for $236.4 million. Two additional Klimt landscapes brought Klimt sales to nearly $400 million. The Leonard Lauder portion totaled $527.5 million, surpassing its pre-sale low estimate of $379 million, with auctioneer Adrien Meyer calling it "it's an absolute triumph, we are thrilled." The subsequent "Contemporary and the Now" sale added $178.5 million, producing an overall evening total of $706 million versus a pre-sale low of $522.8 million. A Jean-Michel Basquiat from Francis Lombrail made $48.3 million after phone bidding, likely to an Asia-based buyer. The Lauder selection also included Vincent van Gogh's The Sower in a Wheatfield (1888).
Read at ARTnews.com
Unable to calculate read time
Collection
[
|
...
]