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Sotheby’s $304M Modern Evening Auction Confirms the Market Has Found Its Footing

Sotheby's Modern Evening Auction on May 19 achieved $304 million with a 98% sell-through rate across 45 lots, more than doubling the total from the equivalent sale in November. The auction was anchored by fresh-to-market masterpieces, including Henri Matisse's "La Chaise Lorraine" from the Barbier-Müller collection, which sold for $48.4 million—the second-highest price for a Matisse painting at auction. Other highlights included works from the Enrico Donati collection, which generated a combined $58.9 million, and Pablo Picasso's "Arlequin (Buste)" (1909) selling for $42.6 million. The sale contributed to a running combined total of $839.6 million for Sotheby's marquee sales, following strong results from the Mnuchin collection and Contemporary Day Auction.

Sotheby’s Tries Again to Sell $40 M. Picasso Painting That Didn’t Make It to Auction in 2008

Sotheby’s has announced the sale of Pablo Picasso’s 1909 Cubist masterpiece, Arlequin (Buste), which is expected to fetch approximately $40 million during the New York marquee auctions this May. The painting is the crown jewel of a collection belonging to the late Surrealist artist Enrico Donati and his wife Adele. This marks the second time Sotheby’s has attempted to sell the work; it was famously withdrawn from a 2008 auction just a week before the sale due to undisclosed private reasons.

The Personal Collection of ‘Last Surrealist’ Enrico Donati Heads to Auction

Sotheby’s has announced the sale of the personal art collection of Enrico Donati, often referred to as the 'last Surrealist.' The 45-lot collection, titled "A Night in May," features works amassed by Donati and his wife Adele, including a rare 1909 Cubist portrait by Pablo Picasso, 'Arlequin (Buste),' estimated at $40 million. The auction marks the first time these intimate pieces—many acquired through direct exchanges with friends like Marcel Duchamp and Yves Tanguy—have been offered since the artist's death in 2008 and his wife's passing last year.