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Friday, 20 March 2015 11:52

Picasso Ceramics Exceed Expectations at Sotheby’s

Sotheby's London. Sotheby's London. Wikimedia Commons

Picasso’s dream that anyone could own one of his works was further cemented at Sotheby’s London yesterday at the sale of Important Ceramics by Pablo Picasso (March 18). The auction almost tripled its pre-sale low estimate to bring £1,726,625 ($2,548,153), with a 95% sell-through rate by lot and 68% of the works sold achieving prices above their high estimates. Seven of the top ten prices established records for the subjects. The top lot, "Tripode,"soared above its estimate to bring £233,000 (est. £55,000-65,000), while many pieces reached amounts well above pre-sale expectations, including "Chouette visage de femme," which sold for £37,500, more than 12 times its estimate.

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