Modigliani Portrait makes $26.9 Million at Sotheby’s London
Published June 20th, 2006
An Amedeo Modigliani portrait of a woman in a black hat fetched 14.6 million pounds ($26.9 million) in bidding at Sotheby’s Holdings Inc. tonight, kicking off a week of London auctions.
“Jeanne Hebuterne (au Chapeau),” a 1919 painting of the artist’s mistress, was valued at 8.5 million pounds to 12 million pounds, making it the top-priced lot of the season. The seller was Marvin Schein, a director of publicly traded medical-products distributor Henry Schein Inc. of Melville, New York, and founder of Schein Dental Equipment Corp. The buyer was a telephone bidder after a contest with a buyer in the room and another telephone bidder.
The London sales will offer as much as 320.4 million pounds of Impressionist, modern and contemporary art on behalf of sellers who are taking advantage of rising prices. Last June, Sotheby’s, which has it main salerooms in New York, and London- based Christie’s International took in about 160 million pounds from a week of auctions in the U.K. capital.
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