Introduction:OVERVIEWThe Sotheby’s London Surrealist Art Evening Sale is scheduled on Feb 28, 2018. The Surrealist Art Evening sale offers a wonderful array of works of art by many of the movement’s key figures. René Magritte is presented in a variety of mediums, including oil, three outstanding gouaches and a rare painted bottle that remained in the collection of the artist and subsequently passed to his widow. The sale will also offer excellent examples by Salvador Dalí, Max Ernst, Man Ray and Yves Tanguy among others. Last year’s (2017) at Sotheby’s London, garnered sales of GBP 17.7 Million with 19 Lots. This year, the auction is expected to realize a sale between GBP 10 Million to GBP 15 Million and there 21 works of 9 artists on offer. Analytical Insights powered by BASI (Blouin Art Sales Index): • Past Auction at a glance. How the Impressionist and Modern Art day sales have performed in the past and the artists who have consistently been on top. • Lots on Offer in various estimated low price bands (in GBP).• Top artists by estimated sales in the upcoming auction.• Top artworks on offer by estimated sale.• Salvador Dali, Joan Miro and Rene Magritte - Sale Price of similar (by size and medium) artworks in the last 5 years. 1. Past Auctions at a glance:The sales in the last 5 years the same auction at Sotheby’s London has seen a peak in the year 2014 (£ 163.5 Million) and went down to £ 16.2 Million in 2015 and then back to a high of £17.7 Million in 2017. This year, we expect the sale to cross last year’s mark. Last year this sale had 19 lots on offer with 15 % lots as bought-ins. The status of bought-ins over years is also shown in the above graph.Performance of Top Artists (in this sale) in the last 3 years Rene Magritte was the top artist of 2017 sale realizing a total sale of £ 6 Million of 3 lots. Francis Picabia, Joan Miro, Pablo Picasso and a few others have been consistently featuring in this sale year on year. The sale performance of the top artists are shown in the graph above. 2. Upcoming Auction on Feb 28, 20182.1 # of Lots on Offer in various estimated low price bands (in GBP)Most (14) of the artworks in this sale are offered in the estimated price band £ 100K to 500K (GBP). There are about 3 lots (2 artists) in this auction that are expected to sell in the price range £ 500K to 1 Million (GBP).3. Top Artists on Offer by Estimated SalesThe graph above shows the top artists featuring in this auction, their number of lots on offer and expected sales (estimated low and high). Rene Magritte has the most artworks (6) in this sale followed by Salvador Dali.4. Top Artworks on Offer by Estimated SalesOther top artworks on offer by estimated price (high and low) are presented in the graph below. Salvador Dali’s, “Gradiva” ,” Maison Pour Erotomane “ is expected to be the top selling artworks of this auction expected to sell between £ 1,200,000 to £ 1,800,000. The other top artworks on offer are: “Femme Et Oiseau V/X” by Joan Miro again expected to sell between £ 1,200,000 to £ 1,800,000 and Rene Magritte’s “Le Jockey Perdu” expected to sell between £ 1,000,000 to £ 1,500,000.5. Sale of Similar Sized Artworks of the Top ArtistsSalvador Dali : Sale Price of similar sized artworks in the last 5 years“Gradiva” by Salvador Dali is the expected top lot on offer, estimated to sell between £ 1,200,000 to £ 1,800,000. The prices at which similar sized artworks (21 by 16 cm) of Salvador Dali, sold in the last 5 years (2012 to 2017) are shown here. Salvador Dali GradivaMedium : oil on coppersigned Salvador Dalí (upper right)Size: 21 x 16 cmExecuted in 1931.At one of the spectrum, artworks of similar size (21x16 cm) have sold for as high as $ 962,500 to $ 2 Million, and at the other end, there are others that have sold for as low as $ 581 to $ 243,750. Joan Miro : Sale Price of similar sized artworks in the last 5 years“Femme Et Oiseau V/X” by Joan Miro is also one of the top artworks on offer estimated to sell between £ 1,200,000 to £ 1,800,000. The prices at which similar sized artworks (54 by 42 cm) of Joan Miro, sold in the last 5 years (2012 to 2017) are shown here. Joan Miro Femme Et Oiseau V/XMedium : oil on burlapsigned Miró(lower left), titled and dated 14/5/60 on the reverseSize: 54 x 42 cmExecuted in 1960.At one of the spectrum, artworks of similar size (54x42) have sold for as high as $ 10 Million and at the other end, there are others that have sold for as low as $ 1,179 to $ 1,116,950.Rene Magritte: Sale Price of similar sized artworks in the last 5 years“Le Jockey Perdu ” by Rene Magritte is also one of the top artworks on offer estimated to sell between £ 1,000,000 to £ 1,500,000. The prices at which similar sized artworks (37 by 46 cm) of Rene Magritte, sold in the last 5 years (2012 to 2017) are shown here. Rene Magritte Le Jockey Perdu Medium: gouache on papersigned Magritte (lower left),titled and dated 1947 on the reverseSize: 37 x 46 cm.Executed in 1947.At one of the spectrum, artworks of similar size (37x46) have sold for as high as $ 4 Million to $ 10 Million and at the other end, there are others that have sold for as low as $ 2 Million.To view the top lots of this auction, click here
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