THE recovery in art market prices continued over the London selling season in February. According to our calculations Sotheby’s and Christie’s sold £423.6 million worth of Impressionist, Modern, Contemporary, Post-War and Surreal art over the past fortnight.
Aided by an incredible private owner sale entitled Looking Closely, with 60 works by some of the greatest of all modern and contemporary masters, Sotheby’s led with a sales total of £242,109,075. This is the second highest total for any sales season ever held at Sotheby’s in London. Their sales featured property from 39 countries and attracted buyers from 47 countries spanning 5 continents. The total at Christie’s series of sales amounted to £181.5 million.
These results support a growing view that the international recovery in art market prices can be sustained.