Global Bidding at Sotheby's Drives Total to Above-Estimate £105.9m/ $165.9m

7/28/2019 Global Bidding at Sotheby's Drives Total to Above-Estimate 105.9m/ $165.9m

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LONDON, 19 JUNE 2013 - Tonight, Sothebys London Evening Sale of Impressionist & Modern

Art totalled 105,939,000, exceeding its pre-sale high estimate of 74-104 million. Driven largely

by the strength of the diverse offerings fresh-to-the-market estate property, sculpture, and

classic Impressionist works the sale attracted global competition.

Monets 1908 view of Venice, Le Palais Contarini, provided the highpoint of the evening,

becoming the top selling work of the London summer season, when it sold in a tense three-waybidding battle for 19,682,500 / $30,828,700/22,998,940.

Global Participation from more than 30 Countries

Drives Impressionist & Modern Art Evening Sale

Above High Estimate to

105,939,000 / $165,932,256 / 123,789,394

Exceptional Estate CollectionsDraw Bidders in Record Numbers

Monets View of Venice, Le Palais Contarini

Is the Star Lot of the Season at 19.7m / $30.8m / 22.9m

For Immediate ReleasePress Release

London | +44 20 7293 6000 | Matthew Weigman | [email protected]

Mitzi Mina | [email protected] | Sarah Rustin | [email protected]


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Moments earlier in the sale, a pristine example of a quintessential work by Piet Mondrian,

Composition with Red, Yellow and Blue (1927) - his most favoured combination - was fiercely

contested by five bidders. The winning bid was cast by a telephone bidder and the work fetched

a final sum of 9,266,500/ $14,514,119 (est. 4.5-6.5) a price reflecting the rarity of seminal works

by the Dutch artist on the market.

The auction was 81.7% sold by lot and was characterised by broad participation from bidders

across 33 different countries on the telephones, in the saleroom and online. The sale saw a record

number of participants from Asia in a London Impressionist sale.

Melanie Clore, Sothebys Chairman, Europe, said: We were privileged to have been entrusted

with the superb works from great estate collections, which launched tonights lively sale. The property

from the Collections of Branco Weiss and Stanley Seeger both attracted determined bidders,

illustrating the enduring appeal of great property fresh to the market with attractive estimates that

come from the homes of collectors renowned for their unfailing eye and assured taste.

Every sale of works from the Seeger Collection at Sothebys over the last twenty years has been

received with enormous enthusiasm, and tonights results were no exception, with examples of both

an early Picasso of 1901 and a later very powerful work on red paper comfortably exceeding their top

estimates. These exceptional results set the tone for the further wonderful offerings to come across our

forthcoming sales including a beautiful Hockney of 1967 to be sold next week.

Helena Newman, Chairman of Sothebys Impressionist & Modern Art Department, Europe,

commented: There was an extraordinary dynamic at play in the sale room. Established collectors -drawn out by the quality of the estate collections presented in the sale competed with many of the

new contenders in todays market. Record levels of participation were driven by a truly global

audience across 33 countries in particular from Asia - who joined us in the room, on the phone and

online. Presented with works of such outstanding quality, many of todays leading collectors

competed vigorously, as was the case with Mondrians quintessential composition sought after by no

fewer than five bidders. This kind of competition resulted in 98% of lots sold tonight achieving prices

at or above estimate.

Exceptional Estate Collections Draw Participants in Record Numbers

Property from estate collections accounted for half of the lots offered this evening. Works were

sought after by multiple bidders in nearly every case, testimony to the enduring appeal of great

fresh-to-the-market property from distinguished private collections.

The Analytical Eye: The Branco Weiss Collection

Comprising works that embody the finest achievements of abstract art, the collection of

entrepreneur Branco Weiss attracted fierce competition in this evenings saleroom. While

almost two thirds of the sold lots exceeded expectation, as a whole the collection

achieved a total of 15,880,500 / $24,873,627 (est. 9.713.9 m / $15.121.8m).


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Property from the Collection of The Late Stanley J. Seeger

Stanley Seeger was one of the greatest collectors of his generation. Tonight, six of his

Picassos nearly doubled their combined pre-sale estimate when they sold for 6,287,000 /

$9,847,328 (est. 3.2-4.4 million / $5.3-7.3 million).

Further property from the collections will be offered at Sothebys London over the coming

weeks. Please contact the press office for further information.

Auction Highlights

Tonights sale demonstrated the full scope of the Impressionist & Modern category, speaking to

the wide-ranging taste of todays global collectors. The strong results reflected the demand for

works across a wide range of schools and media:

Classic Impressionist

Further to the success of Monets Le Palais Contarini this evening, two other works by

the artist also achieved notable results, both exceeding pre-sale expectations. Le Pont de Bois, sold for 6,242,500 / $9,777,628 (est. 4-6 m) Lglise de Vernon, Temps Gris realised 4,562,500 / $7,146,244 (est. 3-4 m)

Works on Paper

Works on paper constituted over a third of the lots offered in the sale, realising

15,353,000 (est. 10.4- 14.3m).

Pablo Picassos treinte, one of the most vivid compositions executed by Picassoin his later years, doubled its pre-sale estimate to sell for 3,106,500 million/

$4,865,711 / 3,629,936 (est. 1.5-2m).

Wassily Kandinskys 1928 work Ineinander set a new auction record for a work onpaper by the artist, selling for 1,650,500 / $2,585,178 (est. 600,000-800,000).*

The exceptionally rare edition of Pablo Picassos most celebrated set of etchingsLa Suite Vollard sold for 2,658,500 / $4,164,009, a new record for a Vollard Suiteset.**

Sculpture

All 13 sculptures offered in the auction found a buyer tonight, realising a total of

combined total of 16,052,500 (est. 5.9 - 10.6 million).

A new auction record for Camille Claudel was established when La Valse,Premire Version sold for 5,122,500 / $8,023,372 (est. 1.5 2 million), beating theprevious record of $1,865,000 established at Sothebys New York earlier this

year.***

Henry Moores Working model for draped reclining mother and baby outstripped itspre-sale estimate of 1.3-2 million to realise 3,554,500 / $5,567,413.

Collectors battled for Barbara Hepworths 1959 bronze, Serene Head (Thea) whichsold for over five times its pre-sale estimate 386,500 / $605,375 (est. 50,000-

70,000).

Surrealist Works

Surrealist works in the sale totalled 16,258,500 (est. 10.5 14.8m), led by Ren

Magrittes LIde realised 4,562,500 / $7,146,244 (est. 1.8-2.5 million)


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Auction Records

Camille Claudel, La Valse, 5,122,500 / $8,023,372 (est. 1.5-2 million) Frantik Kupka, tude sur fond rouge 1,930,500 / $3,023,742 (est. 700,000 1 million). For a work on paper by Wassily Kandinsky, Ineinander 1,650,500 / $2,585,178 (est.

600,000-800,000)

For a Suite Vollard by Pablo Picasso, 2,658,500 / $4,164,009 (est. 1.4/1.8 million)Impressionist & Modern Evening Sale Statistics

Sale Total: 105,939,000 / $165,932,256 / 123,789,394 (est. 74.5-104.9 m / $116.7-164.3m /87- 122.6 m)

Percentage sold by lot: 81.7% Percentage sold by value: 90.8%

98% of sold lots achieved prices at or above pre-sale estimate Of the 71 lots offered, 58 sold 24 lots over 1 million Average lot value: 1,826,534

Notes to Editors

*The previous record price for a work on paper by Wassily Kandinsky of 1,497,250 was set at

Christies London in June 2008.

**The previous auction record for Camille Claudel was established at Sothebys New York on 7th

May2013 when his 1905 bronze La Valse (Deuxime version) achieved $1,865,000.

***The previous record price of 1,558,790 for a Suite Vollard was realised at Galerie Kornfeld Bern in

2012.

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Sothebys has been uniting collectors with world-class works of art since 1744. Sothebys became the

first international auction house when it expanded from London to New York (1955), the first to

conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house

in China (2012). Today, Sothebys presents auctions in eight different salesrooms, including New

York, London, Hong Kong and Paris, and Sothebys BidNow program allows visitors to view all

auctions live online and place bids in real-time from anywhere in the world. Sothebys offers

collectors the resources of Sothebys Financial Services, the worlds only full-service art financing

company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery

arm of Sothebys Contemporary Art department, as well as Sothebys Diamonds and Sothebys Wine.

Sothebys has a global network of 90 offices in 40 countries and is the oldest company listed on the

New York Stock Exchange (BID).


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*Estimates do not include buyers premiumand prices achieved include the hammer price plus buyers premium.

Images are available upon request

All catalogues are available online at www.sothebys.com or through Sothebys Catalogue iPad App.


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+44 (0)20 7293 5000 F +44 (0)20 7293 5989 WWW.SOTHEBYS.COM

Sale Results London, Bond St

Sale L13006 Impressionist & Modern Art Evening SaleSale L13006 Impressionist & Modern Art Evening SaleSale L13006 Impressionist & Modern Art Evening SaleSale L13006 Impressionist & Modern Art Evening Sale 19 JUN 1319 JUN 1319 JUN 1319 JUN 13Grand TotalGrand TotalGrand TotalGrand Total 105,939,000 GBP (165,932,256 USD) (123,789,394 EUR) Exch Rate:Exch Rate:Exch Rate:Exch Rate: 1.57Sold by Lot:Sold by Lot:Sold by Lot:Sold by Lot: 81.7% Lots Offered:Lots Offered:Lots Offered:Lots Offered: 71Sold by Value:Sold by Value:Sold by Value:Sold by Value: 90.8% Lots Sold/Unsold:Lots Sold/Unsold:Lots Sold/Unsold:Lots Sold/Unsold: 58 / 13

LotLotLotLot Price (GBP)Price (GBP)Price (GBP)Price (GBP) Estimate (GBP)Estimate (GBP)Estimate (GBP)Estimate (GBP) BuyerBuyerBuyerBuyer

42 19,682,500 ($30,828,700)(22,998,940)

15,000,000 - 20,000,000

Claude Monet, Le Palais ContariniLe Palais ContariniLe Palais ContariniLe Palais Contarini, oil on canvas, 190836 9,266,500 ($14,514,119) (10,827,877) 4,500,000 - 6,500,000Piet Mondrian, Composition with Red, Yellow and BlueComposition with Red, Yellow and BlueComposition with Red, Yellow and BlueComposition with Red, Yellow and Blue, oil on canvas in the artist's original frame, 1927

51 6,354,500 ($9,953,053)(7,425,214) 3,000,000 - 5,000,000Wassily Kandinsky, Studie fr Herbstlandschaft mit Booten (Study for Autumn Landscape wiStudie fr Herbstlandschaft mit Booten (Study for Autumn Landscape wiStudie fr Herbstlandschaft mit Booten (Study for Autumn Landscape wiStudie fr Herbstlandschaft mit Booten (Study for Autumn Landscape with Boats)th Boats)th Boats)th Boats) , oil on board, 1908

56 6,242,500 ($9,777,628) (7,294,342) 4,000,000 - 6,000,000Claude Monet, Le Pont de BoisLe Pont de BoisLe Pont de BoisLe Pont de Bois, oil on canvas, 1872

43 5,122,500 ($8,023,372)(5,985,625) 1,500,000 - 2,000,000Camille Claudel, LaLaLaLa Valse, Premire VersionValse, Premire VersionValse, Premire VersionValse, Premire Version, bronze, 1892-93

***RECORD FOR THE ARTIST AT AUCTION******RECORD FOR THE ARTIST AT AUCTION******RECORD FOR THE ARTIST AT AUCTION******RECORD FOR THE ARTIST AT AUCTION***49 5,010,500 ($7,847,946)(5,854,754) 4,500,000 - 6,500,000Salvador Dali, La Musique or L'orchestre rouge or Les sept artsLa Musique or L'orchestre rouge or Les sept artsLa Musique or L'orchestre rouge or Les sept artsLa Musique or L'orchestre rouge or Les sept arts, oil on canvas,1957

48 4,562,500 ($7,146,244)(5,331,267) 1,800,000 - 2,500,000Ren Magritte, L'IdeL'IdeL'IdeL'Ide, oil on canvas, 1966

61 4,562,500 ($7,146,244)(45,331,267) 3,000,000 - 4,000,000Claude Monet, L'glise de Vernon, temps grisL'glise de Vernon, temps grisL'glise de Vernon, temps grisL'glise de Vernon, temps gris, oil on canvas, 1894

38 3,554,500 ($5,567,413)(4,153,422) 1,300,000 - 2,000,000Henry Moore, Working model for Draped Reclining Mother and BabyWorking model for Draped Reclining Mother and BabyWorking model for Draped Reclining Mother and BabyWorking model for Draped Reclining Mother and Baby, bronze, 1982, edition of 9 plus 1 artists proof

30 3,106,500 ($4,865,711)(3,629,936) 1,500,000 - 2,000,000Pablo Picasso, treintetreintetreintetreinte, white wax crayon and pencil on red paper, 1971

---PLEASE SEE SEPARATE POST-SALE PRESS RELEASE---

Specialist in Charge: Helena Newman Press Office Contact: Mitzi Mina, Sarah Rustin

Please note all prices include buyer's premium. Sale session totals are net aggregate figures plus premiums. **Estimates do not include buyer's premium**

SOTHEBY'S: REGISTERED AT THE ABOVE ADDRESS NO. 874867

Documents

Global Bidding at Sotheby's Drives Total to Above-Estimate £105.9m/ $165.9m