On Wednesday evening, Sotheby’s staged its three-part evening sale event which included postwar American art from the collection of Texas ranching heiress Anne Marion to contemporary and Impressionist and modern art. Together the 4.5 hour sale was expected to reach $436.8 million; the final tally (final prices include the buyers’ premium; estimates do not) was $597 million. The event debuted a new David Korins-designed auction stage in New York was managed remotely by head auctioneer Olivier Barker in London. He was assisted by Sotheby’s head of jewelry Quig Bruning fielding bids on site in New York.
Between the contemporary and Impressionist and modern art sale 17 works in total were guaranteed, with four carrying irrevocable bids making up a collective low estimate of $138.5 million or 32 percent of the total low estimate value across both sales.
Warhol, Still Top Marion Collection Sale… Read the rest