From Monet to KAWS: A $900+ Million Week of Auctions at Sotheby's Worldwide

NEW YORK, May 20, 2019 /PRNewswire/ -- Tad Smith, Sotheby's (NYSE: BID) CEO, commented: "It was an incredibly exciting and successful week at Sotheby's worldwide, which saw a number of record-breaking sales delivered on behalf of our clients, including the highlight of the spring auctions: the show-stopping Monet Haystacks. We were pleased to welcome 15,000 visitors into our reimagined and expanded New York galleries, and inaugurate a spectacular series of spaces to celebrate outstanding works of art as well as the legacies of many of the world's great collectors. We closed the week with an exceptional total of more than $919 million sales across our global auctions, demonstrating the strength and consistency of the market at every level."

WATCH THE BIDDING BATTLE FOR CLAUDE MONET'S MEULES

Sotheby's Flagship New York Auctions of Impressionist & Modern and Contemporary Art Achieve $842.2 Million:

Sotheby's Worldwide Sales of Impressionist & Modern and Contemporary Art Have Reached $1.27 Billion in 2019 Year-to-Date

Nearly Half of All Sold Lots Exceed Their High Estimates

250,000 AUCTION VIEWS ON SOTHEBYS.COM & SOCIAL MEDIA

Impressionist & Modern Art Sales Total $394.6 million:

HIGHEST SERIES TOTAL FOR THE CATEGORY AT SOTHEBY'S WORLDWIDE
SINCE MAY 2015

10 EVENING SALE WORKS ACQUIRED BY COLLECTORS ACROSS ASIA
Including Picasso's Mousquetaire à la pipe ($20.8 Million),
Which Will Enter the Collection of a Private Asian Museum

A WORLD AUCTION RECORD FOR A 1960S WORK BY PABLO PICASSO
Femme Au Chien from 1962 Achieves $54.9 Million

Contemporary Art Sales Total $447.7 Million:

Led by:

FRANCIS BACON'S STUDY FOR A HEAD SELLS FOR $50.4 MILLION
An Outstanding Example of the Artist's Iconic 'Screaming Popes'
&
MARK ROTHKO'S UNTITLED, 1960 SELLS FOR $50.1 MILLION
Offered on Behalf of the San Francisco Museum of Modern Art
To Benefit the Institution's Acquisitions Fund

CONTEMPORARY ART DAY AUCTION BRINGS $105.8 MILLION
Third-Highest Total in Company History

Geneva Sales of Watches & Jewelry Total $51 Million:

A NEW BENCHMARK FOR AN ART DECO NECKLACE
"The Beaumont Necklace" Fetches $3.6 million ǀ More than Double Its 1994 Auction Price

A Fabergé Diamond Tiara Made for the Last Crown Princess of Prussia
Sells for $434,000

1950S SHOWSTOPPERS BY PATEK PHILIPPE TAKE CENTRE STAGE
A Rare Reference 2497 in Pink Gold Sells for a Record-Breaking $980,000

CONTINUED DEMAND FOR ROLEX DAYTONAS FROM THE 1970S
A "Gold 6239" Sets a Landmark Price at $450,000

Sotheby's Reimagined & Expanded Galleries in New York
Welcome 15,000 Visitors:

90,000+ Square Feet of New Exhibition Space Unveiled Across
4 Floors | 40 Public Galleries | 9 Private Sales Salons

New York Galleries Inaugurated with 250+ Works Available for Private Sale
ON VIEW THROUGH 24 MAY
Including 20^th & 21^st Century Art by
Pablo Picasso, Joan Miró, Jonas Wood, Andy Warhol, George Condo and More

UPCOMING AUCTIONS

Sotheby’s set a new world auction record for any work of Impressionist art when Claude Monet’s iconic ‘Meules’ sold for $110.7 million in New York on May 14, 2019.

About Sotheby's
Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby's Wine, Sotheby's Diamonds, and Sotheby's Home, the online marketplace for interior design. Sotheby's has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

*Estimates do not include buyer's premium. Prices achieved include the hammer price plus buyer's premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.

Images are available upon request
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