Art News

Sotheby’s May 2010 Evening Sale of Impressionist and Modern Art Brings $195 Million

NEW YORK, NY.- Tonight at Sotheby’s, the spring Evening Sale of Impressionist and Modern Art brought a total of $195,697,000, nearly reaching the high end of the presale estimate (est. $141/204 million). Forty-three works achieved prices over $1 million, ten works exceeded $5 million, four works brought prices over $10 million, and two works sold for over $15 million. The sale was 87.7% sold by lot and 92.4% sold by value. Two artist records were set: Isamu Noguchi’s Undine (Nadja) soared to $4,226,500 (est. $600/900,000) and Salvador Dalí’s Spectre du soir sur la plage totaled $5,682,500 (est. $4/6 million). The evening’s top price was achieved by Henri Matisse’s spectacular Bouquet pour le quatorze juillet, the artist’s emotional celebration of the first Bastille Day following World War I, which totaled $28,642,500 (est. $18/25 million). “Tonight’s sale result of $195.7 million was clos