LONDON, 26 JUNE, 2012 - Sotheby's Contemporary Art Evening Auction in London realised a total of £69,307,050 / $108,028,899 / €86,675,518, against an estimate of £57-82m / $89-128m / €71-103m. This figure brings the combined total for Sotheby’s Contemporary Art Auctions worldwide this year to $638.2 million, which represents 25% growth on the same period last year. The auction established extremely strong sell-through rates of 87.3% by lot and 93.4% by value, and 8% of the lots this evening were sold to clients new to Sotheby’s. Buyers from 15 countries participated in the sale, which also witnessed 21 works sell for over £1 million, and 26 for over $1 million; 8 works sold for over $4 million and 4 for more than £4 million.
The top-selling lot of the auction was Jean-Michel Basquiat’s Warrior, which realised £5,585,250 / $8,705,729, against a pre-sale estimate of £5-7 million.