Drizzle and union protesters couldn’t dampen the spirits at Sotheby’s historic Impressionist and modern auction this evening, where auctioneer Tobias Meyer brought in an impressive sum of $330.6 million with buyer’s premium. The amount marked the house’s second-highest total ever, which was bolstered by the sale of the last Edvard Munch Scream not in a museum to a telephone bidder for $119.9 million.
Of the 76 lots on offer, 15 went unsold, a solid sell-through rate of 80 percent by lot. Forty-seven of the lots sold within or over their pre-sale estimates, and the Munch marked the only artist record set. That $330.6 million sum was on the high end of the sale’s $246.3-$323.4 million estimate. The Munch represented about a third of that total. Read More