{"id":47857,"date":"2023-06-28T16:31:47","date_gmt":"2023-06-28T20:31:47","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=47857"},"modified":"2023-06-28T16:32:33","modified_gmt":"2023-06-28T20:32:33","slug":"sothebys-london-modern-contemporary-sale","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2023\/06\/sothebys-london-modern-contemporary-sale\/","title":{"rendered":"Sotheby&#8217;s London Modern &#038; Contemporary Sale"},"content":{"rendered":"<div id=\"attachment_47858\" style=\"width: 199px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-1.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-47858\" class=\"wp-image-47858 \" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-1-298x300.jpg\" alt=\"A portrait of a woman in front of an elaborately decorated backdrop. She wears a dressing down slipping off her shoulder, while she hold a fan against her chest.\" width=\"189\" height=\"191\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-1-298x300.jpg 298w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-1-768x774.jpg 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-1.jpg 800w\" sizes=\"(max-width: 189px) 100vw, 189px\" \/><\/a><p id=\"caption-attachment-47858\" class=\"wp-caption-text\"><em>Lady with a Fan<\/em> by Gustav Klimt<\/p><\/div>\n<p><span style=\"font-weight: 400;\">On Tuesday, June 27th, Sotheby\u2019s London hosted its Modern and Contemporary evening sale. News outlets had reported on this particular sale months prior, mainly because of a single lot: Gustav Klimt\u2019s portrait <\/span><i><span style=\"font-weight: 400;\">Lady with a Fan<\/span><\/i><span style=\"font-weight: 400;\">. The portrait is one of Klimt\u2019s last masterworks, with it being discovered on his easel at the time of his death in 1918. It last sold at Sotheby\u2019s New York in 1994 for $10.6M hammer, setting Klimt\u2019s auction record. This time, the Klimt exceeded its \u00a365M estimate, achieving \u00a374M \/ $94.36M (or \u00a385.3M \/ $108.78M w\/p). This set Klimt\u2019s new auction record, beating out the painting <\/span><a href=\"https:\/\/www.gustav-klimt.com\/images\/paintings\/Birch-Trees.jpg\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">Birch Forest<\/span><\/i><\/a><span style=\"font-weight: 400;\">, which sold for $91M hammer (or $104.59M w\/p) at Christie\u2019s New York as part of the Paul Allen collection last November. The portrait also set the record for most valuable artwork sold at auction in Europe, pushing out Alberto Giacometti\u2019s sculpture <\/span><a href=\"https:\/\/www.fondationbeyeler.ch\/fileadmin\/museumplus\/multimedia\/70188.jpg\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">L\u2019homme qui marche II<\/span><\/i><\/a><span style=\"font-weight: 400;\">, which sold at Sotheby\u2019s London in 2010 for \u00a365M w\/p. Lady with a Fan eventually made up about 46% of the entire sale\u2019s total.<\/span><\/p>\n<div id=\"attachment_47859\" style=\"width: 204px\" class=\"wp-caption alignright\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-47859\" class=\"wp-image-47859\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-300x300.jpg\" alt=\"An interior scene with a naked woman laying in a chair.\" width=\"194\" height=\"194\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-300x300.jpg 300w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-150x150.jpg 150w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-768x769.jpg 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn.jpg 800w\" sizes=\"(max-width: 194px) 100vw, 194px\" \/><\/a><p id=\"caption-attachment-47859\" class=\"wp-caption-text\"><em>Night Interior<\/em> by Lucian Freud<\/p><\/div>\n<p><span style=\"font-weight: 400;\">The other top lots were just as Sotheby\u2019s specialists predicted. Next up after the Klimt was Lucian Freud\u2019s painting <\/span><i><span style=\"font-weight: 400;\">Night Interior<\/span><\/i><span style=\"font-weight: 400;\">, showing the inside of Freud\u2019s apartment and one of his models, Penny Cuthbertson, resting nude in a chair. This is one of seven works featuring Cuthbertson that Freud produced from 1966 to 1970. Tuesday\u2019s sale marked <\/span><i><span style=\"font-weight: 400;\">Night Interior<\/span><\/i><span style=\"font-weight: 400;\">\u2019s auction debut, \u200bvalued at between \u00a38M and \u00a312M by Sotheby\u2019s. It just barely snuck over the minimum, with the hammer coming down at \u00a38.1M \/ $10.33M (or \u00a39.6M \/ $12.2M w\/p). Coming up right behind the Freud was an untitled work by Cy Twombly. It is a typical Twombly work, consisting of crayon scribbles overtop a layer of oil-based house paint on 61 by 74.75-inch canvas. Having the same estimate range as the Freud, the Twombly fell off the other side of the minimum estimate, falling short at \u00a37.9M \/ $10M (or \u00a38.9M \/ $11.4M w\/p). The sale had few surprises, with the only one of note being the very last lot. It was <a href=\"https:\/\/sothebys-md.brightspotcdn.com\/dims4\/default\/c047254\/2147483647\/strip\/true\/crop\/1600x2000+0+0\/resize\/800x1000!\/quality\/90\/?url=http%3A%2F%2Fsothebys-brightspot.s3.amazonaws.com%2Fmedia-desk%2Fwebnative%2Fimages%2Fd9%2F81%2F05163ec944619776dbf4cf876563%2Fl23006-cq6gn-t1-03.jpg\" target=\"_blank\" rel=\"noopener\">an untitled work<\/a> made of carbonized terracotta by the Kenyan-born British potter Dame Magdalene Odundo. Created in 1999, the piece resembles a vase with a long neck adorned with small loops and is exemplary of her larger oeuvre influenced by pottery from Europe, Africa, and the Americas. Estimated to sell for between \u00a3100K and \u00a3150K, the vase eventually sold for \u00a3420K \/ $535.5K (or \u00a3533.4K \/ $680.15K w\/p), or almost three times its high estimate.<\/span><\/p>\n<div id=\"attachment_47860\" style=\"width: 197px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-2.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-47860\" class=\" wp-image-47860\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-2-300x248.jpg\" alt=\"A large canvas pained gray, featuring faint scribbles and circles of crayon.\" width=\"187\" height=\"155\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-2-300x248.jpg 300w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-2-768x635.jpg 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/06\/sothebys-md.brightspotcdn-2.jpg 800w\" sizes=\"(max-width: 187px) 100vw, 187px\" \/><\/a><p id=\"caption-attachment-47860\" class=\"wp-caption-text\"><em>Untitled<\/em> by Cy Twombly<\/p><\/div>\n<p><span style=\"font-weight: 400;\">Overall, the sale brought in \u00a3160.21M \/ $204.3M against a total estimate range of \u00a3154.54M to \u00a3195M. Of the fifty-nine available works, twenty-five sold within estimate, giving Sotheby\u2019s specialists an incredible 42% accuracy rate. Fifteen lots (25%) sold below estimate, while ten lots (17%) sold above, and nine lots (15%) went unsold. Among the unsold were highly-valued works by Edvard Munch and Claude Monet.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, June 27th, Sotheby\u2019s London hosted its Modern and Contemporary evening sale. News outlets had reported on this particular sale months prior, mainly because of a single lot: Gustav Klimt\u2019s portrait Lady with a Fan. The portrait is one &hellip; <a href=\"https:\/\/rehs.com\/eng\/2023\/06\/sothebys-london-modern-contemporary-sale\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":47858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[224,189,634,207,134,20,596,15,120,523,505,11,9,606],"class_list":["post-47857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-20th-century-american-art","tag-20th-century-british-art","tag-20th-century-european-art","tag-auction-news","tag-auction-records","tag-auction-results","tag-ceramics","tag-comments-on-the-art-market","tag-modern-art","tag-portrait","tag-pottery","tag-rehs-contemporary-news","tag-rehs-galleries-news","tag-sothebys"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sotheby&#039;s London Modern &amp; 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