Sotheby's Auction Update
Sotheby's failed to reach their low auction estimate of $203 million, but still managed to rake up its highest total for an Impressionism/Modern sale since 1990. The 48 paintings and sculptures made $194,289,600.. far below Sotheby's high auction estimate of $275+ million.
Gauguin can now afford to buy his own tropical island with an artist record of $39.2 million for his 1899 painting, Maternite II. It was just under the low estimate of $40 million but easily surpassed the artist's previous auction record of $24 million.
Other highlights included works by Henry Moore ($8.4million), Piet Mondrian ($21million) and Amedeo Modigliani ($31.3million).