The Lewis Collection became London's most valuable single-owner auction, while Sotheby's full two-part evening reached a European record of $520.7 million.
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Sotheby's has set two major auction records in London after a sale led by the Lewis Collection. The reached £393.4 million, or about $520.7 million, the highest total for a single auction night in Europe.
The headline figure combines two separate events. Masterpieces from the Lewis Collection generated £296.3 million from 25 lots. A Modern and Contemporary Evening Auction held afterward added another £97.1 million.
The dedicated Lewis sale became the most valuable ever held in London. Joe Lewis and his daughter Vivienne over decades. They bought important works by artists including Monet, Picasso, Matisse, Magritte, Rothko and Hockney.
The works entered the auction with a combined above £273.6 million. Many had remained outside the market for years or had been loaned to major institutions. This gave bidders a rare opportunity to compete for pieces.
Bidding was strong but deliberate. The 25-lot Lewis auction lasted more than two hours, and several works required long contests between telephone and in-room bidders. None of the Lewis works carried a . Sotheby's had not promised sellers a minimum return.
René Magritte's La Belle promenade sold after a sustained . It established a record for a work on paper by the artist. Other major names helped push the collection beyond its high estimate once were included.
Auction totals can be confusing because published results often include buyer's premiums but exclude taxes and other costs. They can also combine several sessions. In this case, $520.7 million describes the full evening, not the Lewis Collection alone.
The result offered a powerful signal for the of the art market after a cautious season. Collectors remained selective, but fresh works with strong histories attracted serious demand. Sotheby's record showed that exceptional private collections can still bring global buyers into the room.
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