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George Condo Leads Sotheby's The Now $18.94m Sale

3 min read  · 16 Oct 2023


Multicolored Female Composition by George Condo sold for $3.66m, copyright the artist, courtesy of Sotheby's

Discover key data points, top sellers and talking points at Sotheby's The Now Evening Auction on October 12.

All sales results are hammer prices plus premiums.

Auction breakdown

  • The sale totalled: $18.94m.

  • Pre-sale estimates (excluding premiums): $15.08m (low) and $21.52m (high).

  • The sell-through rate was 91% of the 22 lots announced before the sale.

  • 20 works sold in the auction.

The top lot by value was: George Condo, Multicolored Female Composition (2016), which sold for $3.66m, 49% above estimate. It has been traded once in the past.

The top lot above its low estimate was: - Mohammed Sami, Poor Folk I (2019), which sold for $682,500, 800% above estimate. It has not been traded before.

Breakdown of results against auction house estimates

10 works, or 45%, of works sold above their high estimate.

10 works, or 45%, sold within their estimate.

0 works sold below their low estimate.

Guarantees

Guaranteed works included: George Condo, Multicolored Female Composition (2016).

Guaranteed works had a total estimate of $6.79m.

Bought-in

Works bought-in included: Jordan Casteel, Jonathan (2014) estimated at $366,400 (low) to $488,600 (high). It has been traded twice in the past.

Withdrawn

Peter Doig, By a River (2003), $3.6m (low) to $4.9m (high) estimate. It has been traded 2 times in the past.

Talking point

Lynette Yiadom-Boakye, Six Birds in the Bush (2015), which sold for $3.6m, 146% above its estimate. It has been traded once in the past.

Auction jargon

Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.

Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.

Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.


Market

George Condo

London