Art News. Vasari Codex

trending_up market schedule Mar 5, 2026 visibility 33 link 28 artists, 2 galleries

Sotheby’s Opens the London Spring Marquee Sales With a £131M White-Glove Night

Sotheby’s London kicked off the spring auction season with a "white-glove" Modern & Contemporary Evening Sale, totaling £131 million ($176 million). Despite significant geopolitical instability and market anxiety following recent escalations in the Middle East, the auction achieved a 100 percent sell-through rate across 54 lots. Key highlights included works by Andy Warhol, a Claude Monet landscape once owned by John Singer Sargent, and a Jean-Michel Basquiat painting that sold for £3.7 million after a mid-sale renegotiation.

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London’s Art Market Rebound: Sotheby’s Spring 2026 Recap

Sotheby’s London kicked off its Spring 2026 marquee season with a series of high-energy auctions, totaling £154 million across its Modern & Contemporary sales. The week was highlighted by a "white-glove" evening auction that achieved a 100% sell-through rate, led by Francis Bacon’s 1972 Self-Portrait which sold for £16 million. Significant records were set for British masters, most notably Leon Kossoff, whose painting "Children’s Swimming Pool" shattered estimates to reach £5.2 million.