Sotheby’s sale of modern and contemporary prints in London on Sept. 24 drew strong demand and prices, and realized a total of £1.97 million ($3.2 million).
NEW YORK—Sotheby’s sale of modern and contemporary prints in London on Sept. 24 drew strong demand and prices, and realized a total of £1.97million ($3.2million). Of 118 lots on offer, 105, or 89 percent, were sold. By value, the auction was 94 percent sold. Christie’s London sale of prints on Sept. 17 realized a similar total of £1.9million (ANL, 9/22/09).
The top lot at Sotheby’s was a lithograph by Ernst Ludwig Kirchner, Berggruppe, 1919, which was sold to a private U.S. collector for £253,250 ($414,596), far above the £30,000/50,000 estimate.
Roy Lichtenstein’s Reverie, 1965, also surpassed expectations, selling for £115,250 ($188,676) to a European collector against an estimate of £45,000/55,000. Works by Andy Warhol accounted for three of the top ten lots: Shoes, 1980, a color screenprint with diamond dust, sold for £109,250 ($178,853) on an estimate of £20,000/30,000; and two color screenprints of Marilyn Monroe, both 1967, sold for £46,850 ($76,698) and £43,250 ($70,805) respectively.
Among the contemporary offerings, The Last Supper, 1999, a set of 13 screenprints by Damien Hirst, brought £51,650 ($84,556) on an estimate of £20,000/30,000, and Peter Doig’s 100 Years Ago, 2000–1, a set of eight color etchings with aquatint, sold for £49,250 ($80,627). Sotheby’s specialist James Mackie said the sale showed that “demand for high quality works is strong with a number of new buyers entering this field of collecting.”