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sothebys lauder now contemporary sales report klimt record 1234762267

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.

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auctioneers jewelry evening sales 1234763909

Sotheby's held its inaugural evening sale at the Breuer building, featuring the Contemporary and the Now sale. Auctioneer Oliver Barker achieved $527.5 million in sales, surpassing the pre-sale low estimate of $379 million. The highlight was Gustav Klimt's portrait of Elisabeth Lederer, which sold for $236.4 million, setting an auction record for Klimt and becoming the second most expensive work ever sold at auction. During the sale, auctioneer Phyllis Kao wore a David Webb necklace from the mid-1980s, featuring carved emeralds, rubies, and cabochon sapphires, which was on view and available for private sale at Sotheby's retail salon in the Breuer lobby.