Sotheby's Brings In $422.1 Million In Its Biggest Auction Ever
Sotheby’s first auction of the fall season brought in a record high of $422.1 million Tuesday night, the most ever for a single auction in the company’s 270-year history.
Led by the $101 million sale of Alberto Giacometti’s legendary 1951-52 Chariot sculpture and the $70.7 million sale of Amedeo Modigliani’s Tete, the auction showcased Sotheby’s impressive catalog of Impressionist & Modern Art pieces. Both buyers telephoned in their bids and remain anonymous.
This will mark the fourth consecutive year that the auction house has led the market for Impressionist & Modern Art worldwide.
Both pieces beat pre-sale estimates, with Tete smashing the $45 million estimate and Chariot comfortably surpassing the $100 million mark. Twelve sculptures totaling $191 million were sold in the evening’s sale.
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