Auction Results: Sotheby’s Contemporary Art Evening Auction in New York this November was an outstanding success, with 96% of works sold and the vast majority of works appearing at auction for the first time. Leading the $310.2 million sale was Francis Bacon’s rare triptych Three Studies of George Dyer, which achieved $38.6 million. Roy Lichtenstein’s Female Head from 1977 was another highlight of the sale, garnering serious interest from five bidders and ultimately selling for $24.5 million. An impeccable grouping of works on paper from the collection of Barbaralee Diamonstein-Spielvogel and Ambassador Carl Spielvogel captivated bidders, with all works in the Contemporary Art Evening Auction sold. The sale was also characterized by our largest and strongest ever group of works by female artists, with records for Laura Owens and Lynette Yiadom-Boakye, as well as strong results for Marlene Dumas and Louise Bourgeois. For the first time, Sotheby’s offered in our Contemporary Art Evening Auction a Formula One Ferrari, driven by racing legend Michael Schumacher, which broke the auction record for a modern era Formula One car. With a 12% increase since November 2016, Sotheby’s Contemporary Art department is delighted with this season’s results.
Auction Details: This November’s Contemporary Art Evening Auction is highlighted by superb examples from some of the most significant movements of the latter half of the 20th century, including Abstraction, Minimalism, Pop Art and Conceptual Art. This sale is also unique in its representation of a particularly global group of artists, spanning North America, South Africa, Ghana, Italy, Cuba and France, among others. Sotheby’s is proud to offer these extraordinary works from the world’s most esteemed private collections, all of which are exemplary touchstones of the highest order.