The Impressionist & Modern Art Evening sale this June will offer a number of important works, from Claude Monet’s stunning oil painting of Venice, Le Palais Contarini, to Piet Mondrian’s iconic abstract Composition in Red, Yellow and Blue from 1927, as well as an outstanding oil by Pablo Picasso, Le peintre.
The sale also includes two exceptional collections, The Analytical Eye: The Branco Weiss collection of twenty-eight paintings, sculptures and works on paper by modern masters including Magritte, Calder, Kandinsky and Schwitters, and a group of works on paper by Pablo Picasso from the collection of the late Stanley J. Seeger, with remarkable examples spanning the artist’s long career.
Sotheby's London Evening Sale of Impressionist & Modern Art totalled £105,939,000, exceeding its pre-sale high estimate of £74-104 million. Driven largely by the strength of the diverse offerings - fresh-to-the-market estate property, sculpture, and classic Impressionist works - the sale attracted global competition.
Monet's 1908 view of Venice, Le Palais Contarini, provided the highpoint of the evening, becoming the top selling work of the London summer season, when it sold in a tense three-way bidding battle for £19,682,500/$30,828,700/€22,998,940.
Moments earlier in the sale, a pristine example of a quintessential work by Piet Mondrian, Composition with Red, Yellow and Blue (1927) - his most favoured combination - was fiercely contested by five bidders. The winning bid was cast by a telephone bidder and the work fetched a final sum of £9,266,500/$14,514,119 (est. £4.5-6.5) - a price reflecting the rarity of seminal works by the Dutch artist on the market.
The auction was 81.7% sold by lot and was characterised by broad participation from bidders across 33 different countries on the telephones, in the saleroom and online. The sale saw a record number of participants from Asia in a London Impressionist sale.