Sotheby’s $241 Million Evening Sale Breaks Record, Led by $59M Gustav Klimt Painting

Published: March 9, 2017 | By: American Luxury Staff

Sotheby’s recent record-setting evening sale, which featured 54 pieces of Impressionist, Modern, and Surrealist art, achieved much more than the $180 million pre-sale expectation. Total sales hit $241 million.

The delirious dollar amount was capped the $59-million sale of the Gustav Klimt painting ‘Flower Garden’; the landscape was purchased by an Asian art collector. The same Sotheby’s employee accepted the winning bid for a smaller Klimt work at his Vienna office, with that piece selling for just under $5.3 million.

The 35 Impressionist/Modern lots in the auction were expected to go for about $160 million, but they eventually toppled that estimate by selling for $219 million. The small offering of Surrealist works also sold above expectations, garnering $22 million, $4 million more than Sotheby’s guessed.

Other iconic pieces sold in the evening sale were a couple of Pablo Picasso paintings, a 1944 portrait of a tomato plant ($20.8 million), and a 1953 black-and-white portrait of a seated woman ($14.8 million). There was also an Alfred Sisley piece depicting a snow scene that sold for $9 million.

Unfortunately, a Salvador Dali work was withdrawn from the sale within the last hour, surely decreasing the possible sale amount in the Surrealist offerings lot.

2539 March 9, 2017 Art March 9, 2017