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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).





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

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