Helena Newman, Global Co-Head of Sotheby’s Impressionist & Modern Art Department & Chairman of Sotheby’s Europe, said: “We’ve experienced a market lift since last year’s equivalent sales. The launch of the 2017 summer season auctions in London was propelled by the significant new benchmark of four works selling for over $20 million in a single London sale. These strong prices – memorably highlighted by the double-bill of record prices for Kandinsky last night – are also reflected in the notable prices achieved for works spanning paintings, works on paper and sculpture at each of the price points offered across the sale series. There’s no doubt that collectors are extremely discerning, but the sustained market momentum we’ve experienced as clients were drawn from a broader international spectrum than ever before reflects the quality of the works we were entrusted with offering. This was underscored by the white-glove result for the wonderful Bloch sculpture collection today.”

Sotheby’s London, 22 June 2017: Sotheby’s series of Impressionist & Modern Art sales this June – featuring the inaugural ‘Actual Size’ curated sale – concluded with a combined Evening sale total of £148.9 million and a Day sale total of £19.6 million. The sale series saw collectors gather from 47 countries for an offering of just under 300 lots.

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