NEW YORK, March 3, 2017
/PRNewswire/ -- Sotheby's (NYSE: BID) spring season of
contemporary art auctions began yesterday in New York with Contemporary
Curated achieving $26,187,625,
above the $16.4/23 million pre-sale
estimate. The sale was led by Ed
Ruscha's Broken Pencil, which nearly tripled its
high estimate of $450,000 to sell for
$1.3 million, and Gerhard
Richter's Abstraktes Bild (843-4) from the
collection of Ed Cohen and
Victoria Shaw that sold for
$1.2 million, above the $800,000 pre-sale estimate.
Tad Smith, Sotheby's President
& CEO commented: "Our New York Contemporary Curated Sale caught
a wave of buying interest due to its clever marketing and
outstanding consignments. We are thrilled with the team and further
encouraged for next week's major contemporary sale series in
London."
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Sotheby's has been uniting collectors with world-class works of
art since 1744. Sotheby's became the first international auction
house when it expanded from London
to New York (1955), the first to
conduct sales in Hong Kong (1973),
India (1992) and France (2001), and the first international
fine art auction house in China
(2012). Today, Sotheby's presents auctions in 10 different
salesrooms, including New York,
London, Hong Kong and Paris, and Sotheby's BidNow program allows
visitors to view all auctions live online and place bids from
anywhere in the world. Sotheby's offers collectors the resources of
Sotheby's Financial Services, the world's only full-service
art financing company, as well as the collection advisory services
of its subsidiary, Art Agency, Partners. Sotheby's
presents private sale opportunities in more than 70 categories,
including S|2, the gallery arm of Sotheby's Global Fine Art
Division, and two retail businesses, Sotheby's Diamonds and
Sotheby's Wine. Sotheby's has a global network of 80 offices in 40
countries and is the oldest company listed on the New York Stock
Exchange (BID).
*Estimates do not include buyer's premium. Prices achieved
include the hammer price plus buyer's premium and are net of any
fees paid to the purchaser where the purchaser provided an
irrevocable bid.
Images are available upon
request
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New York | +1 212 606
7176 | Lauren Gioia |
Lauren.Gioia@Sothebys.com | Dan
Abernethy | Dan.Abernethy@Sothebys.com
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SOURCE Sotheby's