Christie's London Sale of Peter Simon Collection Reaches £107.5 Million

Christie’s London auction on October 14 featured the Peter Simon collection, achieving a total of £107.5 million, which fell within the projected range of £78.7 million to £115 million. Out of 41 lots, only one did not sell, setting a record for private collections in the UK capital. Simon, who founded the Monsoon brand, emphasized British art while also showcasing European avant-garde pieces. The highest sale was Francis Bacon's Figure in Movement (1978), fetching £17.2 million. Liubov Popova's Painterly Architectonic (1918) sold for £7.6 million, and Bridget Riley's Streak 2 (1979) and David Bomberg's Toledo landscape (1929) reached record prices of £5.2 million and £3.3 million, respectively. Notable works by Piet Mondrian, Joan Miró, and Fernand Léger were also included, all with guarantees, reflecting a cautious market.