
London's October auctions: Christie's sets single-owner record, Sotheby's sale stays cautious
Peter Simon's collection made £107m, while Sotheby's evening sale fell short of its hammer estimate
LONDON — Frieze Week auctions in London ended with a split verdict. Christie's sold the collection of Monsoon founder Peter Simon for £107 million. That is the highest total for a single-owner sale at Christie's London, and it landed inside the £78.7m to £115.1m estimate. Francis Bacon's 'Figure in Movement' led at £17.2 million. Liubov Popova set an auction record at £7.6 million. Christie's two evening sales that night together raised £218.6 million, which the house said was up 103 percent on last year. Artnet called the 20th- and 21st-century result solid but at the low end of estimates. At Sotheby's, the contemporary evening sale made £45.9 million with fees. The hammer total of £36.9 million was below the low estimate, and six of 34 lots went unsold. A de Kooning at £9.8 million set a European record for the artist. Sotheby's said its London sales have passed $1 billion this year.
Why it mattersThe results suggest buyers will pay for single-owner collections and strong provenance but are being selective elsewhere, which sets the tone for the New York sales in November.









