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Sothebys Contemporary Art Evening Auction in London totals $108 million |
| June 27th, 2012 01:35:06 am |
LONDON.- Tonight, Sotheby’s Contemporary Art Evening Auction realised a total of 69,307,050 / $108,028,899 / €86,675,518, against an estimate of 57-82m / $89-128m / €71-103m, taking Sotheby’s Summer Season of Contemporary Art Sales, including the Gunter Sachs Collection, to the strong sum of 110.7 / $173 / €120.5 million. This figure brings the combined total for Sotheby’s Contemporary Art Auctions worldwide this year to $638.2 million, which represents 25% growth on the same period last year. The auction established extremely strong sell-through rates of 87.3% by lot and 93.4% by value, and 8% of the lots this evening were sold to clients new to Sotheby’s. Buyers from 15 countries participated in the sale, which also witnessed 21 works sell for over 1 million, and 26 for over $1 million; 8 works sold for over $4 million and 4 for more than 4 million. |
Source Reference
http://www.artdaily.org/index.asp?int_sec=11&int_new=56168 |
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