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sothebys modern sales by the numbers

Sotheby's three-part modern art evening auction in New York on Thursday night achieved a total of $304.6 million, a dramatic increase from the $93.1 million equivalent sale last year. The sale featured 69 lots, with three withdrawn and none bought in, resulting in a 95% sell-through rate. Top lots included Vincent van Gogh's still life "Piles de romans parisiens et roses dans une verre" (1887), which sold for $62.7 million with premium to private advisor Patti Wong, and a work by Frida Kahlo. Third-party guarantees covered 55% of the presale low estimate, but bidding remained competitive throughout.

sothebys modern pritzker exquisite corpse auction results

On Thursday night, Sotheby’s held a three-part sale of Impressionist, Modern, and Surrealist art at the Breuer Building in New York, generating $304.6 million against a cumulative estimate of $218.8 million to $301.2 million. The smallest sale, 13 lots from the collection of Cindy and Jay Pritzker, achieved a “white glove” result with $109.5 million, led by Vincent van Gogh’s *Romans Parisiens (Les Livres jaunes)* (1887) which sold for $62.7 million. The Surrealist offering, “Exquisite Corpus,” from the collection of Nesuhi and Selma Ertegun, featured Frida Kahlo’s *El sueño (La cama)* (1940) which set a record for the artist at $54.7 million, becoming the most expensive work by a woman artist at auction (nominal price).

The 10 Most Expensive Auction Works in 2025

The article reports on the ten most expensive auction lots of 2025, led by Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer)' (1914), which sold for $236.36 million at Sotheby's, making it the second-most-expensive artwork ever sold at auction. The top end of the market rebounded after a quieter 2024, with the 100 most expensive lots totaling $2.13 billion, up from $1.8 billion the previous year. Nine of the top ten lots were sold during the marquee New York sales in November, where Sotheby's, Christie's, and Phillips together generated over $2 billion and set 16 artist auction records. The list includes multiple Klimt works from the collection of American philanthropist Leonard A. Lauder, as well as a Vincent van Gogh still life that sold for $62.71 million.

Veteran Advisor Patti Wong on How the Auction Market Is Recalibrating

Veteran art advisor Patti Wong, who left Sotheby's after three decades to start her own firm, analyzes a significant recalibration in the auction market. She notes a new discipline among auction houses and buyers following the frothy post-pandemic years, with houses becoming more selective, relying heavily on third-party guarantees, and facing greater buyer scrutiny on provenance and estimates. She also highlights the industry's expansion into new geographies like Saudi Arabia and new categories like luxury goods.

10 top lots auction 2025

Gustav Klimt's portrait of Elisabeth Lederer topped the list of the most expensive artworks sold at auction in 2025, achieving $236.3 million at Sotheby's New York on November 18—far exceeding its $150 million estimate and setting a new record for the artist. The painting came from the collection of the late Leonard Lauder, who died in June at age 92. Other top lots included two more Klimts from Lauder's collection, a newly offered Basquiat, and a record-setting Frida Kahlo work, alongside notable sales by van Gogh, Rothko, Mondrian, Monet, and Picasso, with many of the highest prices achieved during the blockbuster November auctions at Sotheby's and Christie's.

sothebys surrealism modern auction november 2025 new york

On Thursday night, Sotheby’s concluded a week of evening sales with a three-part modern art auction that achieved $304.6 million, far exceeding its pre-sale estimate of $211.3–$289.3 million. The evening featured 13 works from the collection of Cindy and Jay Pritzker, which sold for $109.5 million, followed by the 'Exquisite Corpus' Surrealist sale from Selma Ertegun’s collection totaling $98 million, and a multiple-owner modern art auction that brought in $97 million. The standout was Frida Kahlo’s self-portrait *El sueño (La cama)* (1940), which sold for $55 million, setting records for Kahlo, a Latin American artist, and a female artist at auction. Vincent van Gogh’s *Piles de romans parisiens et roses dans une verre (Romans parisiens)* (1887) achieved $62.7 million after a seven-minute bidding war.