Records for Under-Recognized Artists Bring Sotheby’s Modern Art Sale to $408.5 M.

Against the backdrop of a busy week for art in New York headlined by the Frieze art fair, a sale of 60 works of Impressionist and modern art at Sotheby's on Monday evening brought in a total of $408.5 million.

Of the entire grouping of 58 works offered, 33 were backed by the auction house with a guarantee or an irrevocable bid. By the end of the two-hour sale led by auctioneer Oliver Barker, 7 lots went unsold.

The group of works surpassed the house's $339.9 million collective low estimate for the sale, which drew of room only half full of spectators. Records were set for under-recognized artists whose secondary markets are less established, including Milton Avery, Leonora Carrington, Maximilien Luce and Jared French.

Read at ARTnews