Sotheby’s Sale of 20th Century British Art Establishes a New Auction World Record

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LONDON.- The sale of 20th Century British Art at Sotheby’s in London established a new auction record for a work by Sir Stanley Spencer (in pounds – see note at foot of email), when his Hilda and I at Pond Street sold for £1,430,050 ($2,249,612), far in excess of its pre-sale estimate of £400,000-600,000. (The previous auction record for Spencer was £1,320,000 ($2,161,454) and this was achieved for his The Crucifixion, which sold at Sotheby’s in London in 1990.**) Hilda and I at Pond Street, from 1954, was arguably the finest work by the British artist to appear at auction in the last five years. It was offered for sale by The Museum of Contemporary Art in Chicago , to benefit the Museum’s acquisition fund. Talking about the record-breaking price, James Rawlin, Senior Director in 20th Century British Art at Sotheby’s, said: “We’re absolutely delighted to see such an amazing response to Spe