ARTFEED — Contemporary Art Intelligence

Picasso leads Sotheby's London auction with £13.7m, records for Adnan and Yamaguchi

market-auction · 2026-04-26

On March 6, 2024, Sotheby's kicked off the London auction season with its Modern & Contemporary Evening Auction, titled The Now. The event showcased 70 lots and garnered £99.7 million, which is roughly one-third of the anticipated £321 million from three significant sales, reflecting a decline of nearly 10% compared to 2023 and a drop from £461 million in 2022. The auction's top seller was Pablo Picasso's 'Homme à la pipe' (1968), fetching £13.7 million. Other notable pieces included works by Claude Monet and Paul Signac, each selling for £7,748,300, Francis Bacon's 'Study of George Dyer' at £6.8 million, and René Magritte's 'Composition on a sea shore' at £3.4 million. Record prices were achieved for Etel Adnan and Takako Yamaguchi, while Lucio Fontana's 'Concetto Spaziale' (1956) did not sell.

Key facts

  • Sotheby's Modern & Contemporary Evening Auction featuring The Now held on March 6, 2024 in London
  • 70 lots offered spanning Impressionism to contemporary art
  • Total sale: £99.7 million
  • Expected aggregate for three London sales: £321 million (down 10% from 2023, from £461 million in 2022)
  • Top lot: Pablo Picasso's 'Homme à la pipe' (1968) sold for £13.7 million
  • Claude Monet's 'Arbres au bord de l’eau, printemps à Giverny' sold for £7,748,300
  • Paul Signac's 'Saint-Tropez. Le rayon vert' sold for £7,748,300 (not seen at market since 1958)
  • Francis Bacon's 'Study of George Dyer' (1970) sold for £6.8 million (estimate £5-7 million)
  • René Magritte's 'Composition on a sea shore' sold for £3.4 million (estimate £1.8-2.5 million)
  • Jean Dubuffet's 'Le Guilleret' (1961) from George and Mary Bloch collection sold for £2.2 million
  • Frank Auerbach's 'Head of E.O.W. II' sold for £4 million (double estimate)
  • Chaïm Soutine's 'Maisons à Céret' sold for over £1 million (estimate £600,000-800,000)
  • Etel Adnan's 'Untitled' set a new auction record at £444,500 (estimate £150,000-200,000)
  • Takako Yamaguchi's 'Catherine and Midnight' set a new auction record at £889,000 (double estimate)
  • Victor Man's 'The Chandler' sold for £406,400 (estimate £60,000-80,000)
  • Salvo's 'Senza titolo' (1988) sold for £381,000 (estimate £100,000-150,000)
  • Leonor Fini's 'L’envers d’une géographie' sold for £571,500 (estimate £300,000-400,000)
  • Françoise Gilot's 'Portrait de Geneviève avec un collier de colombes' (1944) from Arianna Huffington collection sold for £724,000 (estimate £150,000-200,000)
  • Lucio Fontana's 'Concetto Spaziale' (1956) unsold
  • Jadé Fadojutimi's 'A Sheltered Overthought' (2019) sold online for £508,000 (estimate £400,000-600,000)
  • Claudia Dwek, Chairman Contemporary Art Europe, secured winning bid for Salvo's work

Entities

Artists

  • Pablo Picasso
  • Claude Monet
  • Paul Signac
  • Francis Bacon
  • René Magritte
  • Jean Dubuffet
  • Frank Auerbach
  • Chaïm Soutine
  • Etel Adnan
  • Takako Yamaguchi
  • Victor Man
  • Salvo
  • Leonor Fini
  • Françoise Gilot
  • Lucio Fontana
  • Jadé Fadojutimi

Institutions

  • Sotheby's
  • The Huffington Post

Locations

  • London
  • United Kingdom

Sources