Our evening sale of Impressionist and Modern Art achieved a total of £121,957,000 / $207,875,707 / €152,555,889, against an estimate of £86.2-123.9 million / $146.3-210.3 million, with two-thirds of works sold reaching prices above their high estimate.
The auction, which was 91.3% sold by lot, was driven by bidding from Asia and Russia. Monet’s iconic Nymphéas sold for £31.7 million, achieving the second-highest price ever for the artist at auction. Composition with Red, Blue and Grey, a quintessential masterpiece by Mondrian, made an outstanding £15.2 million.
Helena Newman, Sotheby’s Co-Head of Impressionist & Modern Art Worldwide, said: “The success of our sale was due to being entrusted with supreme property which we offered with reasonable estimates in a carefully curated context. At the core of the sale this evening was a significant group of works from private and estate collections which were met with great enthusiasm and drove global bidding throughout the auction, with notable participation from Asian and Russian collectors.”
Sotheby's is delighted to announce our forthcoming Impressionist & Modern Art Evening Sale to be held in London on Monday 23 June.
The sale is led by Monet's magnificent Nymphéas, from 1906; an important Mondrian painting Composition with Red, Blue and Grey, 1927, which is undoubtedly one of his most important works to appear at auction for many years; and major Impressionist paintings from the collection of Ralph C. Wilson, Jr., including two fabulous landscape paintings by Monet.
Highlights of the sale will be on view in our london galleries from 12 to 15 June 2014.