Sotheby’s sets record at New York auction
Sotheby’s Modern & Contemporary Evening Sale exceeded expectations, bringing in over 665 million euros in a single night, reaffirming the strength of the global art market.
The standout lot was Gustav Klimt’s “Portrait of Elisabeth Lederer”, which sold for around 222 million euros, becoming the second-most expensive painting ever sold at auction. The work, looted by the Nazis during World War II, was later returned to the Lederer family.
Another highlight was Maurizio Cattelan’s 18-karat gold toilet, which fetched approximately 11.4 million euros, underscoring Sotheby’s global appeal and the role of art as a strategic investment.
Sotheby’s continues its calendar of major sales, with the next auction scheduled in Milan on November 26, featuring works by leading twentieth-century masters.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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