Joe Lewis Art Collection Fetches $392.6M at Sotheby's, Setting European Single-Owner Record
By
Jo Lawson-Tancred European News Reporter
Summary
Sotheby's London auction of British billionaire Joe Lewis's art collection smashed records, achieving £296.3 million ($392.6 million) — nearly double the pre-sale estimate of ~$200 million. The 25-lot single-owner sale set a new European record, led by a Modigliani painting that sold for $63.9 million. Only one lot (an 1880 Degas) failed to sell, and none of the lots were guaranteed. The evening also included a modern and contemporary art sale that brought in £97.1 million.
Source
Twitter / XJoe Lewis Art Collection Fetches $392.6M at Sotheby's, Setting European Single-Owner Recordnews.artnet.comKey quotes
· 3 pulledThe vaunted art collection of British billionaire Joe Lewis set a new record for a single-owner sale in Europe, raking in a whopping £296.3 million ($392.6 million).
That was nearly double the estimate of about $200 million.
The result was achieved without any of the 25 lots being guaranteed, and only a single lot failed to sell.
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