Sotheby’s London Sales See Drop from 2022, Bringing $208 M. and a Record-Setting Kandinsky

Following Christie’s $202 million London sale on Tuesday, Sotheby’s held two auctions devoted to modern and contemporary art in the British capital on Wednesday that brought in a combined £172.6 million ($208.2 million) with fees. Across the two sales, 53 out of a total 57 lots sold, yielding an 92 percent sell-through rate. That figure marks a solid rate, above the 89 percent seen in last year’s equivalent sale. It’s just slightly above the result Christie’s