The Robert Devereux Collection of Post-War British Art Totals $7.6 Million at Sotheby’s

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LONDON.- The two-day sale of The Robert Devereux Collection of Post-War British Art at Sotheby’s in London concluded this afternoon having realised a remarkable total of £4,730,101 / US$7,603,489 – a figure well above the pre-sale expectations of £2,409,250-3,550,750. The three selling sessions of 329 lots in total established an overall sell-through rate of 95% by lot as well as a clutch of new artist records. Proceeds from the sale will go towards The African Arts Trust, a charitable organisation that Robert Devereux – a former partner in Richard Branson’s Virgin Empire – is in the process of establishing to support the arts in Africa. All three sales saw buyers – both established and new to Sotheby’s – out in force and at least half of the works that were sold achieved prices that were in excess of their high estimate. There were multiple bidders on the majority of the lots, with bids coming from all over th