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Bidders move fast for Modern sculptures at Sotheby's New York

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by , 05-19-2017 at 01:43 PM (184 Views)
          
   


The Impressionist and Modern evening sale at Sotheby’s on 16 May got off to an unsettled start the announcement, by auctioneer and worldwide co-head of the department Helena Newman, that the star lot—an early Egon Schiele painting from 1909 with an asking price of $30m to $40m—was one of two lots to be withdrawn from the sale, evidently in the final hour.



Without the firepower of that heavy-hitter, the house could not compete with Christie’s $289m take the night before, but pulled off $173.8m with fees on 37 sold lots, with strong prices for Kazimir Malevich, Max Ernst, Jean Arp, and Diego Giacometti.Although the tally slightly trailed the results seen at Sotheby's London in March, Simon Shaw, the house’s worldwide co-head of Impressionist and Modern art, was “delighted” by the competition he saw—nearly four bidders on average per lot. "It was a confident room, and an international one”, he says.

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