Sotheby’s Raises the Bar With Record-Smashing Sale by Klimt

artnet News | Colin Gleadell:

Although it was a shorter sale than Christie’s held the evening before, Sotheby’s 54-lot sale of Impressionist, Modern, and Surrealist art last night realized a far more substantial £195 million ($241 million), comfortably above the pre-sale estimated value of £150/180 million. It was the highest total for any single auction in London.

Only 6 lots, or 11 percent, were unsold and 6 lots sold for over $10 million. The sale broke down into £177 million ($219 million) for 35 Imp/Mod lots, estimated at £137/159 million, and £17.7 million ($22 million) for 19 Surrealist lots estimated at £13.3/18 million… Read more

Image: Gustav Klimt, Blumengarten sold at Sotheby’s for about $59 million. Courtesy Sotheby’s