Masters Week Totals $95.4 Million

S otheby’s Masters Week Auctions in New York achieved $95.4 million across an exciting week of four live auctions and a successful online auction. Nearly half of all sold lots exceeded their high estimates and 15 lots exceeded $1 million. The Master Paintings Evening Sale realized $61.1 million making it the highest total for a Master Paintings Sale at Sotheby’s New York since 2012 and setting 7 new auction records. The sale was led by Giovanni Battista Tiepolo’s 8-foot tall altarpiece of the Madonna of the Rosary with Angels which sold for a Record $17.3 million, nearly 3x the artist’s previous auction record. The Old Master Drawings sale totaled $15.1 million, achieving the highest-ever result for an Old Master Drawings auction at Sotheby’s worldwide for the second consecutive year. Andrea Mantegna’s The Triumph of Alexandria sold for $11.7 million, a new auction record for a drawing by the Renaissance artist and the 5th most expensive Old Master Drawing ever sold at auction. The 19th Century European Art sale was led by Sir Alfred J. Munnings’ Mahmoud Being Saddled for the Derby, 1936, a magnificent work from the Collection of Marylou Whitney that achieved $3.1 million.