This Wednesday marked the first of Sotheby’s four sales of over 500 works from the collection of the late A. Alfred Taubman, the auction house’s controversial former chairman. Though he maintained innocence, Taubman was convicted of fixing prices and antitrust violation during his tenure there. The masterworks grossed $377 million
at the sale in New York, surpassing its low estimate of $374.8 million, with
’s Paulette Jourdain
(c. 1919) bringing in the top lot at $42.8 million. Following the sale, president and CEO Tad Smith commented, “with more than 400 works still to be sold over the next several months, we are on track to cover most of the total guarantee.” (via the Wall Street Journal)
Thursday’s Impressionist & Modern Art evening sale at Sotheby’s New York fetched $306.7 million
the auction house selling $575.8 million of art from the category in a period of 24 hours. This brings the auction house’s year-to-date total in the category to $1.67 billion, breaking the company’s previous annual record of $1.43 billion, set in 2014.
’s La Gommeuse
(1901) took the top lot of the evening, setting a record for a work from the artist’s Blue Period, with a price tag of $67.5 million. (via Bloomberg)