News Articles Library Event Photos Contact Search


Thursday, 20 June 2013 10:43

Sotheby’s Sale of Impressionist & Modern Art Exceeds High Estimate

Claude Monet's 'Le Palais Contarini,' 1908. Claude Monet's 'Le Palais Contarini,' 1908. Sotheby's London

The Evening Sale of Impressionist & Modern Art that took place at Sotheby’s London on June 19, 2013 garnered $165.9 million, surpassing its high estimate of $164.3 million. The auction, which featured 71 works, sold 81.7% by lot and bidders hailed from 33 countries around the world.

The sale’s top lot was Claude Monet’s (1840-1926) painting of Venice, Le Palais Contarini (1908), which sold for $30.8 million after a three-way bidding battle. Other highlights included a Piet Mondrian (1872-1944) painting in the artist’s quintessential palette titled Red, Yellow and Blue (1927), which was scooped up by a telephone bidder for $14.5 million and Wassily Kandinsky’s (1866-1944) Bauhaus-era work on paper Ineinander (1928). A number of Surrealist works fared well at the sale including Max Ernst’s (1891-1976) La Horde (1927), which sold to New York’s Acquavella Galleries for $3.2 million and René Magritte’s (1898-1967) L’Idee, which features one of the artist’s well-known floating green apples and brought $7.1 million.

Helena Newman, Chairman of Sotheby’s Impressionist & Modern Art Department in Europe, said, “There was an extraordinary dynamic at play in the sale room. Established collectors – drawn out by the quality of the estate collections presented in the sale – competed with many of the new contender’s in today’s market. Record levels of participation were driven by a truly global audience.”

The evening auctions continue at Christie’s London on June 25, 2013 with its Post-War and Contemporary Art sale.

Additional Info

  • Category: News
Events