New York -- After two disappointing Christie’s auctions, Sotheby’s sold $290.2 million of Impressionist and modern art last night, the category’s highest tally since the May 2012 sale in which Munch’s “Scream” sold for $120 million.
Art collectors of ArtKabinett social media network are pleased with these astounding results.
The top lot, Alberto Giacometti’s bronze bust of his brother Diego, shown here, fetched $50 million, reaching the high pre-sale estimate. New York’s Acquavella Galleries Inc. bought the piece, Sotheby’s said. Two Picassos together brought in almost $71 million.
“So the market is alive, right?” said Tobias Meyer, the evening’s auctioneer, at the end of the sale as the room erupted in applause.