Sotheby’s recent Prints & Multiples auction in London achieved fantastic results across the board. Overall 95% of the auction sold with 68% of lots selling above their pre-sale high estimates. In total, the auction achieved £4.4 million against the pre-sale low estimate of £2.3 million.
The Old Master session saw exceptional prices, with 100% of lots sold. Highlights included Dürer’s Four Horsemen of the Apocalypse, which sold for £46,800 (estimate £7,000-9,000),andRembrandt’s The Entombment, which fetched £156,000 (estimate £30,000-50,000).
90% of the Modern section sold, led by Edvard Munch’s haunting Vampire II, which achieved £187,500 (estimate £100,000-150,000) and Picasso’s beautiful Françoise sur fond gris, which sold for £100,000 (estimate £60,000-80,000), both exceeding their high estimates.
Contemporary prints continued moving from strength to strength with 95% of lots selling and 71% achieving prices above the pre-sale high estimates. The Warhol prints in particular demonstrated the continuing buoyancy of this market. Of the 18Warhol lots offered, 100% were sold and 89% sold above the high estimate. In total, the Warhol lots realised £1.9 million against a combined pre-sale low estimate of £874,000. Particular notice was paid to Warhol’s unique trial proof The Scream (After Munch),which sold for £382,000 (estimate £150,000-200,000), and his Tomato Soup from Campbell’s Soup I, which made £112,500 (estimate £20,000-30,000).
We are now inviting consignments for our spring Prints & Multiples auction; please do not hesitate to contact us for a free, confidential valuation.