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    A work by Jean-Michel Basquiat from 1984 entitled Joy was the top lot at the Sotheby’s summer evening sale of contemporary art in Paris on June 2. It was bought by a European private collector for €1,464,750, a figure well above the top estimate of 900,000. The sale achieved a successful total of €9,517,050, a figure well above the pre-sale expectations of €5.1-7.0 million. Sell through rates of 93% by lot and almost 100% by value rank among the highest ever seen at a contemporary sale at Sotheby’s Paris. A remarkable 74% of sold lots realised prices in excess of their high estimate.

    Sotheby’s Summer Sales of Impressionist & Modern and Contemporary Art in Paris concluded on the evening of June 3 having brought an outstanding total of €31,332,325.  The Impressionist and Modern sale brought in 17.5 million and the evening and day contemporary art sales brought in a total of 13.8 million.  There were new auction records across the two days for Helena Viera da Silva, Jacques Villeglé and Louis Marcoussis. Four works sold for over one million euro and 14 for over 500,000.

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