A new benchmark was set during Sotheby's Impressionist & Modern Art Evening Sale in London when Joan Miró’s 1927 modern masterpiece Peinture (Étoile Bleue) sold for £23,561,250 / $36,946,396 / €29,260,764, exceeding the pre-sale estimate of £15-20 m / US$ 23.7 - 31.6 m / € 18.4 -24.5 m and shattering the previous record for the artist at auction. The hammer fell after a tense stand-off among four bidders, with offers jumping in large increments before the work was finally won by a telephone buyer. The sum paid was the highest price for a work of art sold in London thus far this year.
Miró’s painting was the top lot in the evening sale which realised £75,046,850 / $117,680,965 / € 93,200,835 (est. £73- £102.6m / $114.4 -160.9m / € 90.5-127.3m), bringing the combined total for Sotheby’s Impressionist and Modern Art sales worldwide this year to £435m / $692.6 m / €504.2, an increase of 12.4 % on the same period last year.