{"id":42187,"date":"2021-06-30T10:03:32","date_gmt":"2021-06-30T14:03:32","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=42187"},"modified":"2024-01-18T08:26:00","modified_gmt":"2024-01-18T13:26:00","slug":"sothebys-modern-contemporary-art-evening-sale","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2021\/06\/sothebys-modern-contemporary-art-evening-sale\/","title":{"rendered":"Sotheby’s – Modern & Contemporary Art Evening Sale"},"content":{"rendered":"
\"an<\/a>

Kandinsky<\/p><\/div>\n

A great deal has changed over the past 16 months.\u00a0 In the old days, an evening sale took place in the evening \u2013 usually starting between 6 and 7 pm.\u00a0 Today, an \u2018evening sale\u2019 happens whenever they want \u2013 this one began about 3 pm London time (or 10 am New York time), right after the British Art Evening sale (that one started at 2 pm London time).<\/p>\n

\"two<\/a>

Picasso<\/p><\/div>\n

Taking the top spot in this sale was Kandinsky\u2019s Tensions calm\u00e9es<\/em> that was last on the market in 1964, when it was part of a sale that featured 50 paintings by the artist from the Guggenheim Foundation; the combined total for the 50 works was $1.5M.\u00a0 Now, this single painting was expected to bring far more than the entire 1964 sale \u2013 \u00a318-25M \u2013 and it hammered for \u00a318.3M\/$25.35M (\u00a321.22M\/$29.4M w\/p).\u00a0 I’m sure that family was thrilled! Coming in second was Picasso\u2019s Homme et femme au bouquet<\/em>. This late example, from 1970, carried an \u00a38-12M estimate and sold for \u00a38.3M\/$11.5M (\u00a39.4M\/$13M w\/p).\u00a0 Cy Twombly\u2019s Untitled<\/em> (I love the creative titles), hammered down at \u00a36.6M\/$9.14M (\u00a37.8M\/$10.7M w\/p \u2013 est. \u00a35-7M). This same work sold in 2014 for $7.5M, so there was a bit of a profit.<\/p>\n

\"an<\/a>

Twombly<\/p><\/div>\n

Rounding out the top five were two Andy Warhols. Front and Back Dollar Bills<\/em> made \u00a35.75M\/$8M (\u00a36.8M\/$9.4M – the work had an estimate of \u00a36-8M, so it needed the buyer\u2019s premium to make it); while 9 Gold Marilyns<\/em> hammered at \u00a35.5M\/$7.6M (\u00a36.5M\/$9M) on a \u00a35.5-8M estimate. This same work last sold in 2013 for $9.1M \u2026 so the seller was not a happy camper.<\/p>\n

While there were no serious fireworks in the sale, a few pieces did pretty well.\u00a0 Among the better performers were Jad\u00e9 Fadojutimi\u2019s I’m pirouetting the night away<\/em>. The painting, created in 2019 by an artist I never heard of, carried an \u00a380-120K estimate and sold for \u00a3320K\/$443K (\u00a3402K\/$557K \u2013 w\/p). Salman Toor\u2019s Untitled<\/em>, painted in 2017, was expected to bring \u00a3100-150K, and brought \u00a3250K\/$346K (\u00a3315K\/$436K \u2013 w\/p). And Odilon Redon\u2019s small pastel, Profil bleu<\/em>, hammered at \u00a31.15M\/$1.59M (\u00a31.4M\/$1.95M) on a \u00a3600-800K estimate.<\/p>\n

There were several underperforming works and a few that failed to find buyers; these included works by Mutu, Dubuffet, Oehlen, Bonnard, and Schutz.<\/p>\n

By the end of their \u201cevening\u201d session (well before lunchtime in New York), of the 57 works that were finally offered (a few, about 8, seemed to disappear before the sale started), 53 sold.\u00a0 This gave them a sell-through rate of 93%, and the total take was \u00a390.8M\/$126M (\u00a3108M\/$150M \u2013 w\/p).\u00a0 The presale estimate range was \u00a395.3-125M, so they were a few million pounds short without the buyer’s premium.<\/p>\n

Of the 53 sold works, 15 were below, 24 within, and 14 above their estimate range, giving them an accuracy rate of 45.3% — a respectable number.<\/p>\n","protected":false},"excerpt":{"rendered":"

A great deal has changed over the past 16 months.\u00a0 In the old days, an evening sale took place in the evening \u2013 usually starting between 6 and 7 pm.\u00a0 Today, an \u2018evening sale\u2019 happens whenever they want \u2013 this … More…<\/a><\/p>\n","protected":false},"author":21,"featured_media":42188,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[207,20],"class_list":["post-42187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-contemporary","tag-auction-news","tag-auction-results"],"yoast_head":"\nThe 10 Best Beds In Art By Jonathan Jones<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2021\/06\/sothebys-modern-contemporary-art-evening-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sotheby's - Modern & Contemporary Art Evening Sale\" \/>\n<meta property=\"og:description\" content=\"A great deal has changed over the past 16 months.\u00a0 In the old days, an evening sale took place in the evening \u2013 usually starting between 6 and 7 pm.\u00a0 Today, an \u2018evening sale\u2019 happens whenever they want \u2013 this … More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2021\/06\/sothebys-modern-contemporary-art-evening-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/howard.rehs\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-30T14:03:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-18T13:26:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2021\/06\/kandinsky.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"622\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Howard L. Rehs\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Howard L. Rehs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2021\\\/06\\\/sothebys-modern-contemporary-art-evening-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2021\\\/06\\\/sothebys-modern-contemporary-art-evening-sale\\\/\"},\"author\":{\"name\":\"Howard L. 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