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By the Numbers: A Breakdown of Results from Sotheby’s ‘Legacy of Beauty: The Collection of Sydell Miller’ Evening Sale
Let the numbers tell the story.
Let the numbers tell the story.
Katya Kazakina ShareShare This Article
The room was packed for Sotheby’s evening sale of the estate of the self-made beauty industry mogul Sydell Miller on Monday night. Her mansion in Palm Beach, Florida, was famous for its modern art and opulent décor, like Lalanne tables, a boudoir with a red Magritte, and gilded mirrors. Bidding was deep and strong for many lots, showing hunger of fresh material (and smart estimates).
Total Sales After Fees: $215.9 million
Total Sales of Equivalent Sale Last Year: $406 million (the evening sale of Emily Fisher Landau)
Hammer Total: $189.5 million
Top Seller: Claude Monet, Nympheas (1914–17), $65.5 million
Lots on Offer: 25
Lots Withdrawn: 0
Lots Sold: 25
Lots Bought In: 0
Sell-through Rate: 100 percent
Sell-through Rate After Withdrawals: 100 percent
Presale Low Estimate: $170 million
Presale Low Estimate After Withdrawals: $170 million
Hammer Total vs. Presale Low Estimate: +$19.5 million
Hammer Total vs. Presale Low Estimate (revised after withdrawals): +$19.5 million
Lots Guaranteed: 7
Lots With House Guarantees: 7
Lots With Third-Party Guarantees: 7
Total Low Estimate of Withdrawn Lots: 0
Total Low Estimate of Guaranteed Lots: $98.2 million (58 percent of total presale low estimate)
Total Low Estimate of Third-Party Guaranteed Lots: $98.2 million (58 percent of total presale low estimate)
Quote of the Night: “It’s one of those collections that has something for everyone,” art advisor Abigail Asher said. “There’s a range of prices and periods, from wonderful quirky objects to mega stars. You saw the collector’s eye. People responded to that.”
Lasting Memory: A 17-minute bidding war for the Monet, which began at $40 million and initially proceeded in fits and starts. Estimated at $60 million, the work was guaranteed by the house and backed by an irrevocable bid, ensuring it would sell. Eventually three Sotheby’s staffers competed for the work. It ended up with a client of Jen Hua, deputy chairman of Sotheby’s Asia.
Next Sale Up: Christie’s 20th Century evening sale on November 19.