Art News

Sotheby’s Contemporary Art and 20th Century Italian Art Sales Achieve Multiple Records

LONDON.- Tonight, Sotheby’s Evening Sales of Contemporary Art and 20th Century Italian Art, including ‘Italian Identity’ – an important private collection – brought the combined total of £39,456,950/$62,081,566/€45,048,011 against the pre-sale estimate of £34,982,000-48,338,000 – in excess of the total achieved for the equivalent sales last year (£34 million). A total of six artist records were established across both sales – for Alberto Burri, Leon Kossoff, Wim Delvoye, Francesco Lo Savio, Michelangelo Pistoletto and Giuseppe Penone. The Contemporary Art Evening Sale brought a total of £17,809,000/$28,020,681 /€20,332,540 (pre-sale est. £19-26 million) – the third-highest total for an October sale of Contemporary Art at Sotheby’s London – and established sell-through rates of 76.6% by lot (36 of the 47 lots offered sold) and 79.2% by value, and saw two new artist records