In Its Best Week Since 2021, Sotheby’s Hit $1.173B With a $54.7M Kahlo Finale

Sotheby's Evening sales total $1.173 billion, generating a solid and unequivocally successful showing. The Modern Evening sale alone reached $97 million, with René Magritte's "Le Jockey Perdu" leading the way at $12.3 million after fees.

The Contemporary Evening auction brought in an additional $776 million, with works by artists such as Georgia O'Keeffe and Joan Miró fetching significant prices. The sale featured 29 lots, generating a total of $97 million, surpassing the pre-sale estimate of $71.1-101.9 million.

Sotheby's Day sales on November 21 totaled an additional aggregated amount above $51 million, between the $46,404,999 of the Modern Day Sale and the $4,912,868 for the Exquisite Corpus Day session.

The Contemporary day sale held a few days earlier generated $111.4 million, the highest total ever for a Day sale at Sotheby's.

Overall, the November marquee sales have generated more than $2.2 billion across all three auction houses, suggesting that the market has rediscovered some of its energy. However, it remains to be seen how the market will perform in Miami, which is expected to be the real litmus test of the season.

omg did you see those numbers? $1.173 billion is insane!!! i mean, who needs a vacation when you can just buy all that art and cash? but seriously tho, it's awesome to see people splurging on masterpieces like René Magritte's "Le Jockey Perdu" - it's not everyday you get to own a piece of art history, lol! i'm more of a DIY kinda person myself, but hey, if someone wants to spend that kind of cash on a painting, who am i to judge?

omg did u see those numbers? $1.173 billion?! thats crazy i mean who has that kinda cash just lying around?? anyway, i was thinking about this and what if art wasn't so expensive? like wud ppl still love it if they had to sell their grandma's old vases 4 pennies?? idk maybe thats a bad question but its been on my mind all day

So, it's like... this Sotheby's sale is a big deal, right? $1.173 billion is crazy! And that Modern Magritte piece sold for 12.3 million bucks - wow! It's like, people are still really into art and collecting stuff. The Contemporary section was also fire, with Georgia O'Keeffe selling for a pretty penny. But here's the thing: what does this mean for the market? Is it just a one-off or is there something more to it? I think we need to wait until Miami comes around to see how things play out. If everything else checks out, maybe we can say that the art world is back on track. Fingers crossed!

idk about this Sotheby's sale...it's awesome on paper that they made 1.173 billion but $97 million for just one artist?? that's a lot! and 29 lots making $97 million is crazy too. still, it feels like they're trying to make up for last year or something. the Miami sales are gonna be key to see if this market is back on track for real tho

Ugh, can't believe the rich guys are getting richer ... I mean, $1.173 billion is crazy, but what's the point? It's just more money floating around . And these art pieces, $12.3 million for a painting that's basically just a guy on a horse . I get it, Magritte's a genius and all, but come on, can't they find someone who's willing to spend that kind of cash without being some high-end collector?

omg can you even believe this?? they're making like 1.2 billion dollars from just one night i mean i'm not mad at art lovers or anything but what's wrong with people who have that kind of cash idk i guess it's nice to see the art market getting back on its feet after all those years anyway $12.3 million for that magritte painting is crazy even tho some ppl might say it's just a bunch of paper and paint lol like noooo this is art fam

omg u guys! Sotheby's just smashed their evening sales with a total of $1.173 billion that's like, insane! and René Magritte's "Le Jockey Perdu" sold for a whoppin' $12.3 million i mean, who knew art could be so valuable? the modern evening sale alone was $97 million and they had 29 lots - talk about a winning streak meanwhile, their day sales on Nov 21 were over $51 million and that's not even counting the extra $111.4 million from the Contemporary day sale overall, it looks like the art market is back in action but let's see how Miami goes down - that's gonna be a real test

Ugh, I'm so over this art market boom . Like, $1.173 billion is crazy rich, but where's the diversity? I mean, I love René Magritte and all, but we need more artists from underrepresented communities making bank . And don't even get me started on how much those Georgia O'Keeffe and Joan Miró pieces sold for ... that's just prices out of control! Meanwhile, what about the up-and-coming artists who can't even get a show at some decent gallery? This whole market is so exclusive it makes my skin crawl .

So Sotheby's just made a gazillion dollars... I'm not saying they're gonna fail or anything, but $1.173 billion is pretty insane! What's crazy is how one painting by Magritte went for 12.3 million after fees . That's like buying a new house in most places. And what's the deal with these high prices? Is it just people getting rich and desperate or is there something more to it? I'd love to see some data on where this money's going... Are art institutions really making a positive impact or are they just fueling some weird elitism?

[Image of a painting of a horse with a worried expression] Why did Sotheby's day sales have to be like that? 51 million?! [GIF of a coin flip, heads down, then suddenly flips and shows tails] Heads or Tails, the art market is just playing a game of chance!

This latest Sotheby's Evening sales are straight fire ! $1.173 billion is insane, and I'm loving the fact that René Magritte's "Le Jockey Perdu" went for a cool $12.3 million . The Contemporary sale was on point too, with works by O'Keeffe and Miró raking it in . It's like the art market is finally back from its pandemic slump .

The November sales are giving me major "Clueless" vibes - as if! But seriously, this is some serious cash being made, and I'm hyped to see how the rest of the season unfolds . Miami is gonna be lit, and we'll just have to wait and see what the other auction houses bring to the table . Bring it on!

I'm loving this art trend where old masterpieces are getting a major boost ! The fact that Magritte's painting sold for so much is insane - I mean, it's not like people didn't know how valuable those things were already . But seriously, the prices these artists are fetching are crazy and it's awesome to see their work appreciated by so many people .

And can we talk about the rise of contemporary art for a sec? It's crazy how some of these younger artists are making bank and gaining recognition . The fact that O'Keeffe and Miró were part of this sale is a no-brainer, they're legends in their own right .

I'm super stoked to see the art market picking up again - it's like people have finally woken up to the beauty and value of art . Bring on Miami!

this sotheby's sale is like woah, $1.173 billion! and rené magritte's painting sold for 12.3 million... that's crazy i wonder how many ppl have been watching art auctions on tv or online lately... maybe it's a sign of the market coming back to life?

I'm totally surprised they didn't sell any of those modern art pieces for, like, pennies on the dollar I mean, who needs that kinda cash? It's way overrated and everyone knows it The fact that people are shelling out 12 mill for a painting is just ridiculous. And what's with all the hype around these art sales? Can't we just have a normal day without some rich guy buying up every thing they can get their hands on?