'Contemporary Curated' Soars to $6.4 Million Marking Record for a Sotheby's Online Sale

  • April 23, 2020 11:19

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Turkish artist Fahrelnissa Zeid's "Lunar Chiaroscuro" brought £250,000 ($313,950)
Sotheby's

Contemporary Curated”, a live auction in London turned online-only from April 14-21, fetched more than £5 million (US$6.4 million), a record total for an online sale at Sotheby’s.

The sale was expected to bring between £3.4 million and £4.7 million total.

Guest curated by fashion brand scion Margherita Maccapani Missoni, the creative director of M Missoni, the sale included 95 works by contemporary artists from Damien Hirst to Yayoi Kusama.

Kusama's "Star" sold for £237,500 ($298,252). Hirst's "Dotriacontane" went to £118,750 ($149,126).

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George Condo's 2005 "Antipodal Reunion," a riff on Pablo Picasso’s "The Bathers" from 1918, was the top lot and brought more than £1 million, the highest price ever for a painting in an online sale at Sotheby’s. It sold for £1,035,000 ($1,299,753) with fees.

Andy Warhol’s 1982 pencil-on-paper Crosses, after a bidding battle, achieved more than five times its presale high estimate of £20,000.
Also of note, Turkish artist Fahrelnissa Zeid's "Lunar Chiaroscuro" brought her auction record price of £250,000 ($313,950) while Iranian artist Monir Farmanfarmaian also snared an artist auction record with "Geometry of Hope," which sold for £375,000 ($470,925).
Alex Katz, Lillies, brought £43,750.
Sotheby's

Sotheby's says the sell-through rate was 88%, with more than half of lots sold exceeding their high estimates, and each lot sold attracting an average of 12.4 bids.

"Contemporary Curated" had bidders from 36 countries, according to Sotheby's, with over a third of them participating in one of the company's auctions for the first time.


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