Technology

Art

Sotheby's London Auction Raises Record £393.4 Million, Led by Joe Lewis Collection

Scott Reyburn

5d ago· 1 min readenNews

finance art

Summary

A Sotheby's auction in London raised £393.4 million ($520.7 million), breaking the auction house's record for an evening of modern and contemporary sales in the British capital. The sale featured 25 works from billionaire Joe Lewis's collection, which alone raised £296.3 million — the highest total ever for a London sale of artworks from a single owner. Most lots sold well above pre-auction estimates, signaling a potential revival for London's auction market after years of decline since 2015.

Source

Twitter / XSotheby's London Auction Raises Record £393.4 Million, Led by Joe Lewis Collectionnytimes.com

Key quotes

· 3 pulled

£393.4 million with fees, about $520.7 million, breaking the auction house's record for an evening of modern and contemporary sales in the British capital

the amount raised by the Lewis lots alone — £296.3 million — was also the highest total ever achieved for a London sale of artworks from a single owner

most of the lots sold for far above their pre-auction valuations; only one lot fai

Snippet from the RSS feed

British auction sales have declined by nearly half since 2015, but Wednesday’s results hint at a return to form for London as an international auction center.

You might also wanna read

Painting bought for $100 at US charity shop by art teacher sells for £190,000

An art teacher named Helene Plotkin bought a painting for $100 at a charity shop in White Plains, New York in 1966, unaware it was by renown

bbc.co.uk·26d ago

Tiffany "Magnolia" Floor Lamp Sells for Record $4.4 Million at Sotheby's Auction

A Tiffany "Magnolia" floor lamp designed by Agnes Northrop sold for $4.4 million at Sotheby's, setting a new auction record for Tiffany lamp

semafor.com·6mo ago

Original 1939 Superman Comic Sells for Record $9.12 Million After Discovery in California Attic

A pristine first edition Superman comic from June 1939, discovered by three brothers while cleaning out their late mother's California loft,

bbc.com·7mo ago

Rare antiques discovered in family’s attic sell for almost £60,000

The Independent·9h ago

Louvre Museum to Increase Ticket Prices by 45% for Non-EU Visitors to Fund Renovations

The Louvre museum in Paris will increase ticket prices by 45% for most non-European Union visitors starting early next year. Tourists from c