Sotheby's June 2017 Sales of Impressionist & Modern Art in London Total $200.8 Million

Four Works Achieve Prices in Excess of $20 Million

LONDON, June 23, 2017 — (PRNewswire) — Sotheby's (NYSE: BID) June 2017 sales of Impressionist & Modern Art in London achieved $200.8 million (£157.1 million), exceeding their overall low estimate of $178.7 million (£140 million) and representing a nearly 11% increase in Dollars and a 29% increase in Pounds on the same sales one year ago.

Sotheby’s June 2017 sales of Impressionist & Modern Art in London achieved $200.8 million and were led by a record-breaking $41.6 million paid for a 1913 masterpiece by Wassily Kandinsky.

The series was led by an Evening Sale that achieved $161.3 million and saw the auction record for Wassily Kandinsky broken two times over the course of the night: the artist's Murnau – Landschaft mit grünem Haus from 1909 first sold for $26.4 million, followed only six lots later by a powerful abstract masterpiece from 1913 - Bild mit weissen Linien – that achieved $41.6 million after a prolonged bidding battle.

Additional highlights included an example from Joan Miró's celebrated Constellations series, which sold for $31 million, and Alberto Giacometti's Grande figure from 1947 that brought $22.6 million.  Strong prices for sculpture continued in the Day Sale with 22 works from a private collection totaling more than $10 million and every lot finding a buyer.

"This week's auctions have reinforced our view that the market seems to be strengthening, particularly for masterpieces," said Mike Goss, Sotheby's CFO.  "We're also pleased to see that these stronger sales results are not coming at the expense of margins."

Sotheby's sales of Contemporary Art in London will take place next week on June 28 & 29.    

About Sotheby's
Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as the collection advisory services of its subsidiary, Art Agency, Partners.  Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and two retail businesses, Sotheby's Diamonds and Sotheby's Wine. Sotheby's has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

New York | +1 212 606 7176 | Lauren Gioia | Email Contact |

London | +44 207 293 6000 | Mitzi Mina | Email Contact |

To view the original version on PR Newswire, visit:

SOURCE Sotheby's


Review Article Be the first to review this article

Featured Video
BIM Modeler for Woolpert at Oakbrook Terrace, Illinois
BIM Designer – Revit for Schneider Electric at Smyrna, Tennessee
GIS Analyst for Iberdrola at Augusta, Maine
Product Design Engineer - Testing Methods for Apple Inc at Cupertino, California
GIS Analyst for City of Shreveport at Shreveport, Louisiana
Upcoming Events
Architecture, Engineering, and Technology (AET) - 4th Edition at Online Conference Egypt - Jan 11 - 13, 2021
Architecture, Engineering, and Technology (AET) Conference at Online event Alexandria Egypt - Jan 11 - 13, 2021
DCW - Digital Construction Week at Excel London United Kingdom - May 19 - 20, 2021
Kenesto: 30 day trial
Digital Cities - Countless CAD add-ons, plug-ins and more.

© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise