WORKS FROM THE COLLECTION OF ALEX & ELISABETH LEWYT
ACHIEVED $88.6 MILLION
A LÉGER PAINTING FROM THE COLLECTION OF MADONNA
SOLD FOR $7.2 MILLION
TO BENEFIT HER RAY OF LIGHT FOUNDATION
NEW YORK, 7 May 2013 – Exceptional works from
prominent estate collections drove Sotheby’s Evening
sale of Impressionist & Modern Art in New York to a
strong total of $230,040,000, nearing its pre-sale high
estimate of $235.1 million*. Both the sale total and the
sell-through rate of 84.5% rank among Sotheby’s highest
in this category in recent years, worldwide.
Simon Shaw, Head of Sotheby’s Impressionist & Modern Art department in New York, commented: “Tonight’s results affirm the vibrancy of the truly global market for Impressionist and Modern art. We had the privilege of offering an extraordinary group of works from estate collections, which attracted collectors with remarkably consistency across media, styles and periods. We saw a great deal of activity in the room, on the phones and online, with bidders from 35 countries participating – this includes the greatest participation from Latin America and Asia that we have ever witnessed in an evening sale of Impressionist and Modern art at Sotheby’s.”
(This continues in the next blog down.)
Simon Shaw, Head of Sotheby’s Impressionist & Modern Art department in New York, commented: “Tonight’s results affirm the vibrancy of the truly global market for Impressionist and Modern art. We had the privilege of offering an extraordinary group of works from estate collections, which attracted collectors with remarkably consistency across media, styles and periods. We saw a great deal of activity in the room, on the phones and online, with bidders from 35 countries participating – this includes the greatest participation from Latin America and Asia that we have ever witnessed in an evening sale of Impressionist and Modern art at Sotheby’s.”
(This continues in the next blog down.)
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