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Sotheby's October Sales of Italian Art and Contemporary Art Realise the Outstanding Total of £40.1 Million


LONDON.- Following yesterday evening's remarkably strong results, Sotheby's October Sales Series of 20th Century Italian Art and Contemporary Art today concluded with the Contemporary Art Day Auction, which brought the near-top estimate total of £9,683,850 ($15,513,528/€11,014,376) (est. £7.5-10.6 million). The sale established sell-through rates of 83% by lot and 86% by value.

This afternoon's result brings the overall total for Sotheby's October Sales Series of 20th Century Italian Art and Contemporary Art to the exceptional sum of £40.1/$64.3/€45.7 million (est. £30-41 million) - nearly top estimate for the whole series and far surpassing the total established for Sotheby's equivalent sales series last October (£20 million).

Part Two of the Jerry Hall Collection today realised £153,125 ($245,306/€174,164) and was led by Andy Warhol's Diamond Dusted Chocolates, which more than doubled its pre-sale high estimate selling for £91,250 ($146,182/€103,787) (est. £30,000-40,000). The result for Part Two of the Jerry Hall Collection brings the overall total for the Property from the Collection of Jerry Hall to the outstanding sum of £2,489,775 ($3,988,619/€2,831,861) - significantly exceeding pre-sale expectations of £1.5 million.

The Museum Art Center Buenos Aires (MACBA) was among the buyers in today’s sale and they acquired four lots, including: Carlo Cruz-Diez's Physichromie No 321-B, which sold for £193,250 ($309,568/€219,802) (lot 164: est. £70,000-100,000) and Torsion Mobilo Statique B.702 by Walter Leblanc's, which brought £82,850 ($132,726/€94,233) (lot 152: est. £20,000-30,000).





Today's News

October 17, 2010

Jean-Michel Basquiat Show at Modern Art Museum of the City of Paris Fetes His 50th Birthday

SLICK: The Fair for Contemporary Art Discoveries Opens Its Fifth Edition this Week in Paris

Coveted Collection of American Muscle and Classic Cars Up for Auction in Georgia

Baltimore is the Last Stop on National Tour for Acclaimed Andy Warhol Exhibition

Previously Unseen Images by Photographer Nadav Kander on View at Flowers

Major New Exhibition Dedicated to the Master of Surrealism at The Modern Masters Gallery

Archaeological Work in Copalita Indicates that Population might have Reached more than 2,000

Museum Boijmans Van Beuningen is Showcasing a Selection of Works from the H+F

Pinta, Latin American Modern and Contemporary Art Show Announced at Pier # 92

Stuart Shave/Modern Art Presents the First Solo Exhibition of Nasreen Mohamedi's Work in London

Charles Fryatt: A British Seaman's Story in the Spotlight at the Imperial War Museum North

Murderer's Row and Miracle On Ice make November Sports Auction One for the Ages

QUAD, in Derby Announces Five New Members of Staff who have Joined the Team

Tate Movie Project Begins Second Stage of Its UK Tour

Extensive Pablo Picasso Exhibition Opens at the National Gallery of Denmark

Explore the Evolution, Essence and Influence of the Japanese Print at the Legion of Honor

'Charlotte's Web' Cover Art Fetches $155K at Heritage Auctions in New York City

Italy's Largest and Most Important Art Fair, Arte Fiera Art First, Celebrates its 35th Edition

Sotheby's October Sales of Italian Art and Contemporary Art Realise the Outstanding Total of £40.1 Million

Exhibition of Titian Masterpieces Opening at the High Museum of Art in Atlanta

Works by Lynda Benglis, Spanning 40 Years of Creative Output, on View in Rhode Island

From Whimsical to Wacky Rare Pens Take Center Stage at 10th Annual NYC Pen Show

Milwaukee Art Museum to Celebrate Architecture in 2011 with Ambitious Exhibitions

Center for Architecture Presents Exhibition Featuring Innovative Building Technologies and New Construction Techniques

Audrey Hepburn Stamps Fetch $606,000 to Help Educate Children in Sub-Saharan Africa

New Publication from the Royal Collection: The Queen's Dolls' House by By Lucinda Lambton

17th Century Portrait Returns to Lydiard House

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