Our Evening Sale of Impressionist & Modern Art realised £178.6m / $ 282.1m / €250.9m, the second highest total for any sale ever held in London. The auction was led by Gustav Klimt’s 1902 Portrait of Gertrud Loew, which sold for £24.8m, the second highest price for a portrait by the artist at auction
A new record for any sculpture by Degas was also achieved for Petite danseuse de quatorze ans, which realised £15.8m.
Melanie Clore, Chairman, Sotheby’s Europe & Co-Chairman Worldwide, Impressionist & Modern Art, said: “Tonight’s result is testament to the truly outstanding quality of the works on offer. To follow our highest totals for Impressionist and Modern art sales in New York with another sensational sale in London emphasises the strength of what is undoubtedly a truly global market. Our worldwide network of specialists are working with a broader collector base than ever before, so whether it’s New York, London, or any of our worldwide selling locations, we are seeing incredibly strong results across the board.”
Helena Newman, Sotheby’s Co-Head, Impressionist & Modern Art Worldwide, said: “Tonight’s sale was led by three exceptional restituted works, each of the highest calibre and each with its own story to tell. Over recent years advances in the process restitution have added a new dimension to our sales, bringing to the market outstanding works such as those offered tonight by Klimt, Liebermann and Malevich. It’s hugely rewarding to see these paintings such strong prices achieved for the heirs of their original owners.”
Sotheby’s London Impressionist & Modern Art Evening Sale on 24 June 2015 presents an outstanding selection of the finest and rarest works of art by the greatest artists of the 19th and 20th centuries. Leading the sale are a modern masterpiece by Kazimir Malevich, Suprematism, 18th Construction and Edouard Manet’s iconic Le Bar aux Folies-Bergère. Other highlights include masterworks by Pablo Picasso, Gustav Klimt, André Derain, Fernand Léger and Joan Miró.