SOTHEBY’S NEW YORK AUCTIONS OF 20TH CENTURY DESIGN ACHIEVE $25.1 MILLION COLLECTORS CLAMOR FOR RARE ROYÈRE An Extraordinary “Étoile" Sideboard from the Dumont Commission Sells for $1.8 Million *New World Auction Record for Any Work by Royère* ART & DESIGN FROM THE HOMES OF DELPHINE & REED KRAKOFF TOTALS $8.7 MILLION A Rare Black “Mouton de Laine” Sets New World Auction Record for a Single Lalanne Sheep DESIGNING THE AMERICAN WEST: Landmark Offering of Thomas Molesworth Furniture Sets New Top 10 Auction Prices for His Western Designs

NEW YORK, 25 May 2018 – Sotheby’s spring auctions of 20th Century Design concluded yesterday in New York with an impressive total of $25.1 million – surpassing the series’ high estimate of $21.6 million. Nearly 400 lots were offered over the course of two days, with an outstanding 87.2% of lots sold overall.

The series began Wednesday with a sale dedicated to the largest single offering of Thomas Molesworth furniture in more than 20 years. Strong demand for these rare designs drove three-quarters of all lots to sell above their high estimates. That evening, Sotheby’s held an auction of art and design from the celebrated homes of Delphine and Reed Krakoff, with an $8.7 million result that was propelled by intense competition for the iconic work of Les Lalannes. And Thursday’s various-owner auction of Important Design was led by an extraordinary ensemble of Jean Royère furniture, which set a new world auction record for any work by the famed French designer when his “Étoile" Sideboard sold for $1.8 million.

Jodi Pollack, Co-Worldwide Head of Sotheby’s 20th Century Design Department, commented: “We are thrilled with the exceptional results of our sales this week in New York. The diverse pool of international bidders that participated across all three auctions is a testament to the superlative quality of the works themselves, and the continued strength and momentum we are seeing across all markets – from Prewar to Postwar Design, and from American to European material. Collections showing the unique vision of their former owners continue to lead the market, from idiosyncratic works by Molesworth to a modernist ensemble by Royère. Our outstanding performance this week reinforces the global strength and demand in the Design markets, and the unrivaled expertise of Sotheby’s global 20th Century Design team.”

Below is a look at the important pieces and collections that drove this week’s sales in New York:

IMPORTANT DESIGN Auction Total $13.7 Million

Following our highest-ever total for a various-owner Design sale in December, Sotheby’s achieved our second-highest total this May. An extraordinary six-lot ensemble of Jean Royère furniture from the famed Dumont Commission led Thursday’s sale of Important Design, achieving an outstanding overall total of $4.2 million – multiples of the group’s $1.7 million high estimate. Commissioned in 1958, the ensemble was topped by an exquisite “Étoile" Sideboard, which shattered its high estimate of $300,000 when it achieved $1.8 million – a new world auction record for any work by the renowned French designer. In addition to the “Étoile” designs, the same 1958 commission featured examples of Royère’s "Ours Polaire" seating, led by a Pair of "Ours Polaire" Armchairs that realized $795,000 (estimate $350/500,000).

François-Xavier Lalanne’s “Sauterelle” Bar achieved the second-highest price from yesterday’s auction, sold to a telephone bidder for $1.6 million (estimate $800,000/1.2 million). Executed in 1970, the exquisite Surrealist object is at one moment a whimsical, larger-than-life sculpture of a grasshopper, and the next, its body opens to function as a bar. Sauterelle is one of only two examples of this rare design; the other was presented as a gift by President Georges Pompidou to Queen Elizabeth II and the Duke of Edinburgh in 1972, where it remains in their collection today.

Thursday’s sale opened with a strong selection of Tiffany Studios works, led by an important “Elaborate Peony” Table Lamp that sold for $735,000 (estimate $400/600,000). The lamp has remained in the collection of a distinguished Brazilian family since the early 20th century, and exemplifies Tiffany’s unparalleled ability as a colorist.

A COLLECTION THAT WE DREAMT OF: ART AND DESIGN FROM THE HOMES OF DELPHINE AND REED KRAKOFF Auction Total $8.7 Million

Top prices in Wednesday’s evening sale dedicated to art and design from the celebrated homes of Delphine & Reed Krakoff were dominated by exquisite works by Les Lalanne. The offering of iconic “Moutons de Laine” by François-Xavier Lalanne – comprising five wool ottomans, one white sheep and one black sheep – together totaled $2.3 million, nearly doubling their combined high estimate. The group was distinguished by a rare black sheep, which set a new auction record for a single “Mouton de Laine” when it sold for $735,000 (estimate $400/600,000). Highlights of Claude Lalanne’s work included a “Crocodile” Armchair that achieved $735,000 (estimate $500/700,000), and a Unique "Aux Branchettes" Chandelier that fetched $399,000 (estimate $150/250,000).

Outside of the works by Les Lalanne, one of the largest sculptures of Harry Bertoia’s oeuvre, Untitled (Monumental Bush), achieved $519,000 (estimate $400/600,000), while Beautiful Separation Divides a Whole Completion Of Dispersing Togetherness, an engrossing spin painting by Damien Hirst, brought $447,000 (estimate $400/600,000).

May 2018 20 Century Design