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Auction PR Publicity Announcements News and Information

Sotheby’s London June 2011 Impressionist & Modern Art Two-Day Sale Series Totals £111,590,250

Sotheby’s two-day sale series of Impressionist & Modern Art concluded with a combined total of £111,590,250 / $181,028,706 / ¤125,012,186.

On the evening of 22nd June 2011, in a packed saleroom Sotheby’s Impressionist & Modern Evening Sale was led by Egon Schiele’s 1914 cityscape Häuser mit bunter Wäsche (Vorstadt II) / Houses with Laundry (Suburb II), which sold for £24,681,250/$40,099,627/€27,635,665 (est. £22-30 million / $35.4 – 48.5 million), almost double the previous record for the artist at auction. Achieving the highest price of the week, the monumental work – sold by the Leopold Museum in Vienna – was bought by an anonymous telephone bidder. Overall the sale achieved a strong total of £96,968,000/$157,543,910/¤108,575,344, well within the pre-sale estimate of £77 -111 million.

The sale saw an average lot value for the works sold of £3.03 million, and the sale was 91.4% sold by lot and 98.4% sold by value. The Impressionist & Modern Art Day Sale brought a total of £14,622,250/$23,484,796 /€16,436,842.

Evening Sale statistics:
• Sold by lot: 91.4%
• Sold by value: 98.4%
• Of the 35 lots offered, 32 sold
• Average lot value: £3,030,250
• 21 lots sold for over £1 million, 26 sold for over $1 million
Day Sale statistics
• Sold by lot: 68.4%
• Sold by value: 74.8%
• Of the 231 lots offered, 158 sold

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