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sothebys lauder now contemporary sales report klimt record

Sotheby's held a marathon double sale at its new Breuer Building location, selling Gustav Klimt's portrait of Elisabeth Lederer for $236.4 million—the second highest price ever paid for an artwork at auction. The evening featured works from the collection of the late cosmetics heir Leonard Lauder, totaling $527.5 million, far exceeding its low estimate. The subsequent "Contemporary and the Now" sale brought in $178.5 million, with a Jean-Michel Basquiat painting selling for $48.3 million. Overall, the night generated $706 million, with multiple auction records set for artists including Cecily Brown, Antonio Obá, Yu Nishimura, Jess, and Noah Davis.

AIG × The Value Quarterly Special: Expert insights from New York’s November auction week

The article, published by TheValue.com in partnership with AIG, provides expert analysis and insights from New York’s November auction week. It covers key sales, market trends, and notable results from major auction houses including Christie's, Sotheby's, and Phillips, with commentary from specialists and market observers.

Auction Results: New Records for Noah Davis and Antonio Obá at Sotheby's, Major Paintings by Barkley L. Hendricks and Kerry James Marshall Went Unsold

Sotheby’s New York held its Now & Contemporary Evening Auction on November 18 at the newly opened Breuer building, featuring works by Black artists. Noah Davis’s “The Casting Call” (2008) sold for $2 million, setting a new auction record for the late artist, while Antonio Obá’s “Alvorada – Música Incidental Black Bird” (2020) achieved $1.016 million, nearly ten times its low estimate. However, major paintings by Barkley L. Hendricks and Kerry James Marshall went unsold, highlighting a mixed market for exceptional figurative works. The auction followed a blockbuster sale of Leonard A. Lauder’s collection, where Gustav Klimt’s portrait sold for $234 million.

Auction record

A new auction record has been set, with a significant artwork selling for a high price at a major auction house. The sale took place recently, drawing attention from collectors and the art market.