London Daily

Focus on the big picture.
Sunday, Aug 02, 2026

Sotheby’s Fetches US$597 Million Across 3 Sales

Sotheby’s Fetches US$597 Million Across 3 Sales

A Monet water lily achieves US$70.4 million, and the Lucas Museum buys Robert Colescott’s George Washington Carver Crossing the Delaware

A late water lilies painting by Claude Monet achieved US$70.4 million and Jean-Michel Basquiat’s Versus Medici, achieved US$50.8 million during a marathon evening of auctions at Sotheby’s in New York on Wednesday.

Monet’s Le Bassin aux Nymphéas, painted from 1917-19 was estimated to sell in the region of US$40 million. The monumental, richly colored painting, attracted heated bidding over nearly five minutes during the impressionist and modern leg of the sales, ping-ponging between specialists in Hong Kong and New York before it was secured by a buyer on the phone with Gregoire Billault, Sotheby’s incoming chairman of contemporary art at a hammer price of US$61 million.

This Nymphéas was last sold at Sotheby’s in 2004 for US$16.8 million.

Versus Medici, 1982, which depicts a dominant Black figure as “an avenging figure of art history,” according to Sotheby’s, was estimated to sell for between US$35 million and US$50 million. After seven minutes of bidding between buyers on the phones with specialists in New York and London, it was sold to a bidder working with Lisa Dennison, Sotheby’s chairman of the Americas. The painting had been in the same private collection for more than 30 years.

Claude Monet, Le Bassin aux Nympheas, which sold for US$70.4 million at Sotheby's on Wednesday.


It was the second big sale of a Basquiat this week, following Christie’s Tuesday evening auction of the artist’s In This Case, 1983, which sold for US$93.1 million with fees.

In total, three auctions—which included the collection of Mrs. John L. Marion, a contemporary art sale and a sale of impressionist and modern art—totaled US$597 million with 93% of lots sold. The auctions were live-streamed consecutively with specialists on the phones in New York, London, and Hong Kong, although for the first time since the pandemic there were a limited number of bidders in Sotheby’s New York sale room, which had been redesigned for the evening by David Korins —the set designer for the Broadway show of Hamilton.

Contemporary art drew a total of US$218.3 million with fees, above the high estimate for the sale at US$194.3 million, with 100% of the lots sold. The impressionist and modern sale realized US$221.3 million, above a high estimate of US$219.3 million, and was 94% sold. The Marion sale achieved US$157.2 million, within its estimate range.

The evening was marked by several long bidding sessions that at times included many buyers working against one another from across the world, indicating broad enthusiasm at the high end of the art market. Most buyers were on the phones with specialists, although online bidders participated too.

In all there were 11 auction records for artists across the three sales, including records for Leonor Fini, Childe Hassam, a painting by Jeff Koons, Harold Ancart, Kenneth Noland, Larry Rivers, Raymond Pettibon, Elizabeth Peyton, and Salmon Toor.

Among the new records was also Robert Colescott’s George Washington Carver Crossing the Delaware, 1975, which was secured by The Lucas Museum of Narrative Art in Los Angeles, Calif., for US$15.3 million with fees. The price was more than 16 times the artist’s previous auction record, and was achieved after a seven-minute bidding session for this reframing of Emanuel Leutze’s Washington Crossing the Delaware, 1851.

The museum was founded by filmmaker George Lucas and his wife, Mellody Hobson, co-CEO of Ariel Investments.

In another highlight, Cy Twombly’s Untitled (Rome), from the artist’s Blackboard series, sold in less than two minutes for US$41.6 million during the contemporary sale. The painting had been in the same private collection for 30 years.

The fiercest bidding of the night was for Banksy’s Love is in the Air, which sold for a hammer price of US$11 million—US$12.9 million with fees—after a 15-minute bidding battle. The estimate for the painting rendered in spray paint and oil on canvas was US$3 million to US$5 million.

Sotheby’s is allowing the buyer of the Banksy to pay in cryptocurrency, which it says is a first for an auction house involving a physical artwork. Sotheby’s did not say whether the anonymous buyer will actually do so, however.

Bidding throughout the night often included several potential buyers, with many key works by contemporary and impressionist stalwarts being snapped up eventually by bidders out of Asia, according to Sotheby’s.

The evening began with several significant sales from the Marion collection, with Andy Warhold’s Elvis 2 Times, 1963, achieving US$37 million, with fees, and Clyfford Still’s PH-125 (1948-No. 1), achieving US$30.7 million, with fees.

Richard Diebenkorn’s Ocean Park #40, 1971, fetched an auction record for the artist of US$27.3 million with fees, after nearly five minutes of bidding. The painting was last bought at Sotheby’s in 1990 for US$880,000.

Gerhard Richter’s Abstraktes Bild, sold to a buyer in Asia for US$23.2 million, above an estimated range between US$14 million and US$18 million.

In the impressionist and modern sale, Pablo Picasso’s Femme assise en costume vert, an image of the artist’s partner for a decade, Françoise Gilot, achieved nearly US$21 million with fees, going to a buyer on the phone with a specialist in Hong Kong. The work had last been seen at auction in December, 1986, at Sotheby’s in London selling for US$568,000.

Newsletter

Related Articles

0:00
0:00
Close
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Sainsbury Agrees to Sell Argos in £120 Million Deal to Private Consortium
High Court Clears Way for Construction of Chinese Embassy at Royal Mint Court
UK Fuel Prices Climb to Multi-Month Highs as Strait of Hormuz Tensions Disrupt Oil Supplies
Severe Summer Drought and Record Heat Put UK Harvests at Risk
Prime Minister Andy Burnham Faces Labour Backbench Opposition Over Potential Support for New North Sea Oil and Gas Drilling
Bank of England Warns Inflation Will Stay Above 3% as Middle East Energy Shock Prolongs Cost-of-Living Pressures
Andy Burnham has Announces Plans to Redistribute Income Tax Revenue to English Mayors
Early-Release Scheme Faces Fresh Scrutiny as Reoffending and Prison Recalls Rise
Police Phone Checks Followed Report on Murder of MI5 Agent Inside Sinn Féin
Archbishop of Canterbury Reaffirms £100 Million Reparative Justice Fund During Ghana Visit
Charities Allege French Police Used Tear Gas Against Channel Migrants
Norwegian Teenager Convicted Over Iran-Linked Murder Plot in Britain
Christian Organisations File Charity Complaints Against Amnesty International UK
Ofgem Tightens Grid Connection Rules for New Data Centres
FTSE 100 Reaches Record High Despite Global Technology Sell-Off
Millions of UK Households Urged to Check Eligibility for Winter Energy Discount
Labour Restores Parliamentary Whips to Diane Abbott and Joani Reid
UK Supreme Court to Hear Challenge Over Palestine Action Ban
UK Commits More Than £8.4 Billion to Dreadnought Nuclear Submarine Programme
England Declares Severe Drought as Wildfire Burns Near Sizewell Nuclear Site
Bank of England Holds Interest Rates at 3.75% as Middle East Tensions Fuel Inflation Risks
Drought Status Extended Across All of Wales as Heat and Dry Weather Deepen Environmental Strain
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
UK Business Confidence Climbs to Four-Month High
Greater Manchester Gains Expanded Powers Under Regional Funding Reforms
UK Supreme Court to Hear Appeal Over Palestine Action Terror Ban
Shell's Quarterly Profit Doubles to Nearly $10 Billion on Higher Energy Prices
UK Government Removes VAT From Household Electricity Bills
Exceptional Drought Grips Half of England as Wildfire Threatens Sizewell
Bank of England Holds Interest Rates at 3.75% as Inflation Risks Persist
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The chief executive of the popular gaming company laid off many employees and his pay rose to 38 million dollars
UK Employment Holds Steady as Wage Growth Remains Moderate
England to Introduce Artificial Intelligence into Secondary School Curriculum
Wales Launches £1.2 Billion Industrial Regeneration Programme
High Court Upholds UK Digital Surveillance Framework
Northern Ireland Reaches Budget Agreement on Infrastructure and Public Sector Pay
Home Office Expands Digital Border Checks Nationwide
UK Approves Major North Sea Wind and Carbon Capture Project
The World's Most Terrifying Smartphone: Recording, Documenting, and Reporting to the Regime
Scotland Approves Major Renewable Energy Expansion
UK and United States Sign AI and Semiconductor Cooperation Pact
UK Treasury Tightens Fiscal Controls After Gilt Market Volatility
Bank of England Holds Interest Rates at 4.5%
UK Unveils £10 Billion NHS Funding Overhaul and Workforce Reform
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
UK: Former Football Association Leaders Call for World Cup Boycott Over FIFA Privatization Plan
Forbidden Love: China severs millions from their virtual partners
×