Sotheby’s Summer Sale Season Results

July 14th, 2011 by

LONDON, WEDNESDAY 22 JUNE, 2011 – Sotheby’s Impressionist & Modern Evening Sale was led by Egon Schiele’s 1914 cityscape Häuser mit bunter Wäsche (Vorstadt II), which sold for £24,681,250 / $40,099,627 / €27,635,665 (est. £22-30 million / $35.4 – 48.5 million), almost double the previous record for the artist at auction.  Achieving the highest price of the week, the monumental work – sold by the Leopold Museum in Vienna – was bought by an anonymous telephone bidder. Overall the sale achieved a strong total of £96,968,000 / $157,543,910  / €108,575,344, well within the pre-sale estimate of £77 -111 million. The sale saw an average lot value for the works sold of £3.03 million, and the sale was 91.4% sold by lot and 98.4% sold by value.

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