The past two weeks have set new world records for Art sales for the major Auction Houses. We shine a light on the greatest moments of the two Art sales giants: Christie’s and Sotheby’s.
Sale of the most expensive painting of all times
The Fine Arts market has been shaken up by an unprecedented Art sales week. Effectively, on November 15th 2017 in New York, following up an electric 19 minutes bids session, Christie’s Auction House took the Art world by surprise. As you may already know, it is the portrait of Jesus Christ entitled “Salvador Mundi” by Leonardo Da Vinci that was the spark. In a tense auction room, Leonardo Da Vinci’s masterpiece found a buyer for 450,3 million dollars. As a result, it is a new historic record. In fact, the total amount is twice as expensive as the former historic record set by Art sales. The bids started at 70 million dollars and went on with two anonymous buyers. Nevertheless, the artwork was only worth 160 dollars 60 years ago. It is understandable since the author wasn’t determined until recently.
Christie’s and Sotheby’s: two major Art sales players neck and neck
Even though Christie’s took the world by surprise with Leonardo Da Vinci, Sotheby’s also broke new sale records. On November 16th 2017, the Auction House sold over 96% of its 72 lots for a total amount of 310,2 million dollars. The main sale of the evening was Francis Bacon’s triptic entitled Three Studies of George Dyer (1966), bought for 35,5 million dollars. However, it is barely above its original estimation of 35 million dollars. That was Sotheby’s sales highlights. Effectively, bids for each lot never piked. This suggests that there wasn’t too much of an interest in the artworks. Nevertheless, despite Christie’s historic record, Sotheby’s sales total amount still maintains the Auction House in the game. Consequently, the two Auction Houses remain neck and neck after this historic Art sales week.
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