21 November 2016 – Tad Smith, Sotheby’s President & CEO, commented: “Beginning with the Bowie sales in London, continuing with the Impressionist and Modern evening and day sales in New York, adding the Geneva jewelry sale performance, and ending with the Contemporary evening and day sales in New York, Sotheby’s has demonstrated that its consigning clients should be confident about the state of the markets, and its shareholders should be enthusiastic about Sotheby’s future.”Mike Goss, Sotheby’s CFO, added: “We’re feeling very good about our fourth quarter results, but even more importantly, we’re looking forward to 2017 with a pronounced sense of optimism.”
LONDONDavid Bowie’s Personal Art Collection Brings $41.1 Million, with Every Lot SoldOver 55,500 Visitors Attend Worldwide Pre-Sale ExhibitionsThe Three Sale Sessions Last Over 12 Hours, Attended by Over 1,750 Bidders
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NEW YORKContemporary Art Sales Series Achieves $356.8 MillionThe Triumph of Painting: The Steven & Ann Ames Collection Totals $131.3 MillionEvening Sale Led by Two Gerhard Richter Abstract Paintings, Sold for $34 Million and $22.7 Million RespectivelyEvening Sale Participation from 38 Countries, with Asian Participation Up 11% Year-on-Year
**Impressionist & Modern Art Sales Series Brings $196.5 MillionEvening Sale Led by Edvard Munch’s ‘Girls on the Bridge’, Sold for $54.5 Million– $20+ Million More than Its 2008 Auction Price –A New Auction Record for László Moholy-Nagy, Whose ‘EM 1 Telephonbild’ was acquired by The Museum of Modern Art in New YorkDay Sale Led by Diego Giacometti’s Rare Octagonal Table, Sold for an Auction Record $3.8 Million
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GENEVAMagnificent Jewels & Noble Jewels Realize $136.4 MillionHighest Total for any Jewelery Sale across All Auction Houses this AutumnTwo Magnificent Pink Diamonds Each Soar Over $15 MillionThe 8.01-Carat “Sky Blue Diamond” Achieves $17.1 Million