
London Frieze-week auctions: Christie's soars past $289 million, Sotheby's stays cautious
Kandinsky tops £31.6 million at Christie's, while a de Kooning sets a European record at a muted Sotheby's sale
LONDON — Christie's London took £218.6 million ($289.4 million) across two evening sales on Wednesday, October 14. That is more than double last year's total. Seven artist records were set, five of them in the Peter Simon collection sale. Kandinsky's Das bunte Leben led at £31.6 million ($41.8 million), and a Liubov Popova sold for £7.64 million, more than three times its high estimate. Sotheby's contemporary evening sale the next night was quieter. It raised £45.9 million with fees, slightly below last October's £47.6 million. A 1977 de Kooning sold for £9.8 million, a European auction record for the artist. Six of 34 lots went unsold, and a Kusama sculpture sold for £320,000 against a £1 million low estimate. Hockney set a record for an iPad work, at about £1.9 million. The New York sales follow next month.
Why it mattersFrieze-week results are the main read on collector appetite before the November New York sales, and they point to a market that is strong at the top but selective.









