Mark Rothko’s Untitled (Yellow and Blue) led Sotheby’s Hong Kong Modern and Contemporary evening sale, selling for $32.5 million in Hong Kong dollars equivalents (HKD 252.5 million) on an estimated HKD 225–275 million. The auction overall brought in HKD 409.5 million ($52.6 million) from 27 lots, with 5 unsold, for an 81.5 percent sell-through; other top lots included Yayoi Kusama’s Hat sold for HKD 43.8 million and George Condo’s Red, White and Black sold for HKD 20.4 million.
The article discusses restitution debates in art, citing Benin bronzes and Parthenon marbles, and references a new documentary, The Spoils, about the restitution of Max Stern’s assets. It quotes director Jamie Kastner and outlines Stern’s Nazi-era losses to illustrate ongoing political and legal complexities in restitution efforts.
Claude Monet, Nymphéas (1914–17) led Sotheby’s fall evening auctions with a $65.5 million sale. The Sydell Miller Collection and the modern evening auction combined to total $309 million. Monet’s piece was followed by Pablo Picasso’s La Statuaire (1925) at $24.8 million, Alberto Giacometti’s Buste (Tête tranchante) (Diego) (1954) at $13.3 million, and Leonora Carrington’s La Grande Dame (1951) at $11.4 million.
The Christie’s press release reports that MICA: THE COLLECTION OF MICA ERTEGUN Part I and the 20th Century Evening Sale realized a combined total of $486 million. Rene Magritte’s L’empire des lumières sold for $121.2 million, establishing a new record for the artist and Surrealism. The collection of Mica Ertegun brought in $184 million and the 20th Century Evening Sale $302 million.