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Picasso pieces worth about US$100 million to be auctioned in Las Vegas
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11 Pablo Picasso works valued at up to $104 million from the Bellagio s French restaurant go up for auction
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The night was marked by respectable, but not frothy, bidding.
June 29, 2021
Helena Newman, worldwide head of Sotheby’s Impressionist and modern art department, taking the Modern and Contemporary art evening Sale, June 29 2021. Image courtesy Sotheby s.
Sotheby’s back-to-back sales of British and modern and contemporary art in London today made a respectable £156.2 million ($217 million) across 83 lots, a total comfortably within the pre-sale estimate of £119.7 million to £170.3 million ($165.7 million to $235.7 million).
The British sale accounted for £48 million ($67 million), with 30 of 34 lots sold (another work was withdrawn before the sale). That total exceeded the original high estimate of £46.8 million ($65 million), published before the lot was withdrawn.