Tonight’s sale of Impressionist & Modern Art at Sotheby’s in London brought a total of £112,101,350 ($165,282,230 / €134,409,672).
The sale saw three works sell for more than £10 million, only the second time this has been seen in London auction history:
Edouard Manet’s masterpiece Self Portrait with a Palette sold for £22,441,250 ($33,087,379 / €26,907,089) setting a new auction record for the artist;
André Derain’s Arbres à Collioure made £16,281,250 ($24,005,075 / €19,521,241), double the previous record for the artist and a record for any Fauve painting at auction;
And Henri Matisse’s Odalisques jouant aux dames brought £11,801,250.
The sale attracted buyers from no fewer than 13 countries; over 50% of the works sold achieved prices in excess of high estimate; and the average lot value for the works sold reached £3.2million. 19 works sold for more than £1 million and 29 for more than $1 million.
Commenting on tonight’s sale, Melanie Clore, Co-Chairman of Impressionist & Modern Art, Sotheby’s Worldwide, said: Commenting on tonight’s sale, Melanie Clore, Co-Chairman of Impressionist & Modern Art, Sotheby’s Worldwide, said: “The strong results achieved this evening demonstrate the strength of the international demand for top-quality works. To sell three works for over £10 million – for the second time in our sales in London in the last six months - is testimony not only to the vitality of the Impressionist and Modern Art market but also to the pivotal role that London plays within the international auction market.”
Tonight’s results bring the total of Impressionist & Modern Art sold by Sotheby’s London thus far in 2010 to an unprecedented £276 million.
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