The breathtaking $450 million (including buyer’s premium) sale of Salvator Mundi generates headlines across the world, garlanding a superb week of sales in which nine works realise more than $10 million, a further eight surpass $20 million, and three works fetch over $50 million.

An historic season at Christie’s in New York finished on Thursday, with the final total across seven sales hitting $1,421,993,000 / £1,082,817,271. The highlight was the extraordinary 19-minute bidding battle for Leonardo da Vinci’s Salvator Mundi in Wednesday’s Post-War and Contemporary Art Evening Sale, culminating in the work being sold for a world-auction record price of $450,312,500 (including buyer’s premium).

The depth and quality of art offered across the week was remarkable, with nine works realising more than $10 million, a further eight being acquired for in excess of $20 million, and three achieving more than $50 million.

Find out more: http://www.christies.com/features/20th-Century-Week-wrap-up-report-8746-1.aspx?sc_lang=en#FID-8746

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Sotheby’s March 1 Evening Sales of Impressionist, Modern & Surrealist Art totalled £195 million – the highest total for any auction ever staged in London. Leading the way was Gustav Klimt’s rare masterpiece ‘Bauerngarten’, which sold for £48 million ($59.3 million) – the third highest price for any work sold at auction in Europe and a record price for a landscape by the artist. A further highlight was Pablo Picasso’s ‘Plant de tomates’, which sold for £17 million ($21.1 million), along with three other works by Picasso which sold for over £10 million. Overall demand was strong with participation from a record 38 countries and record prices for works by Alfred Sisley, Oskar Kokoschka and Jean Arp.

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