Digital Editions
Newsletters
Subscribe
Digital Editions
Newsletters
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Technology
Adventures with Van Gogh
Art market
Museums & heritage
Exhibitions
Books
Podcasts
Columns
Technology
Adventures with Van Gogh
Auctions
news

With $1.45 billion already spent at auctions, it could be a record-breaking week in New York

Sotheby’s totalled $379.7m for its contemporary art auction on Tuesday evening, while Christie's raised $705.9m the night before

Gareth Harris and Charlotte Burns
12 May 2015
Share

Three auctions down, four to go and an extraordinary $1.5bn already spent. Sotheby’s recorded a total of $379.7m for its auction of contemporary art on Tuesday evening, following its $368.3m sale of Impressionist and Modern art last week. Meanwhile, Christie’s pushed the market to new levels on Monday with a standalone sale that raised $705.9m. The 35-lot auction included the record-breaking sale of $179.4m for Les Femmes d’Alger, Version “O” (1955), by Pablo Picasso, now the world’s most expensive work of art sold at auction. If all of the houses match their estimated pre-sale totals, more than $2bn will have been spent at the evening sales. Still to come as we went to press: an auction of post-war and contemporary art at Christie’s on Wednesday; and on Thursday, the auction house's sale of Impressionist and Modern art, along with two sales at Phillips.

Auctions
Share
Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.
Newsletter sign-up
Information
About
Contact
Cookie policy
Data protection
Privacy policy
Frequently Asked Questions
Subscription T&Cs
Terms and conditions
Advertise
Sister Papers
Sponsorship policy
Follow us
Instagram
Bluesky
LinkedIn
Facebook
TikTok
YouTube
© The Art Newspaper

Related content

Auctionsnews
15 September 2015

Old is new again: Phillips expands focus to include Modern art

New department to hold its first sale during November New York auction season

Charlotte Burns
Auctionsnews
24 September 2015

November shapes up to be a New York art marathon

Buyers won’t even get a day of rest on Sunday this year as the autumn auction season spreads

Charlotte Burns
News
3 September 2015

Sotheby’s to sell collection of former owner Alfred Taubman

Auction of works owned by tycoon, who went to prison for price-fixing scandal, may be the most valuable private collection ever to hit the block

Charlotte Burns
Auctionsnews
1 June 2015

Guaranteed to smash records: Manhattan sales set new highs

Almost $2.5bn was spent on art in just six evening auctions last month, as the market is pushed to new levels for trophy works

Gareth Harris and Charlotte Burns