Sotheby's concluded a week of high-stakes auctions in New York with impressive results, managing to meet its sales targets amid economic challenges. The auction featured works from notable collections, including those of Barbara Gladstone and Daniella Luxembourg, achieving respective total sales of $15.1 million and $33.6 million. The main auction showcased 41 lots and generated $105.4 million, leading to a total of $154.2 million for the night. This figure reflects a 61% increase from the previous autumn, showcasing a degree of resilience in the contemporary art market despite cooling trends.
Sotheby's held a successful three-part evening auction in New York, achieving strong sales amid macroeconomic uncertainty and trade war fears.
The total result from the auction was $154.2 million, within the estimate range, and reflecting a 61% increase from the previous autumn's sale.
The night featured various upscale collections, including works from the estate of Barbara Gladstone and the collection of Daniella Luxembourg, both hitting their estimates.
Despite the challenging market conditions, Sotheby's achieved a high sell-through rate of 93%, demonstrating resilience in the art auction landscape.
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