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Francis Bacon, Three Studies of George Dyer, 1966. Photo: Sotheby’s

Sotheby’s $310.2 Million Postwar and Contemporary Art Sale Led by Francis Bacon Triptych

The postwar and contemporary art evening sale at Sotheby’s on Thursday night raised $310.2 million, selling all but three of its seventy-two lots. With a 95.8 percent sell-through rate, the auction’s results landed between its low estimate of $250.4 million and its high estimate of $343.4 million.

The star of the night was a Francis Bacon triptych, Three Studies of George Dyer, 1966, which sold for $36.8 million, followed by Andy Warhol’s Mao, 1972, which sailed over its low estimate of $30 million, securing $32.4 million. Other highlights included Lynette Yiadom Boakye’s The Hours Behind You, 2011, which set a new record for the artist after it sold for $1.58 million, nearly four times its high estimate; Roy Lichtenstein’s Female Head, 1977, which netted $24.5 million; and a Laura Owens work, which shattered her previous auction record of $336,500, securing $1.75 million. The piece will be loaned to the Whiney Museum of American Art in New York for its current retrospective on the artist.

In an unconventional move, not unlike Christie’s decision to include an old-master work in its contemporary art evening sale on Wednesday—the rare Leonardo da Vinci painting that brought in $450.3 million, setting a new record for the highest amount ever paid for an artwork—the auction house included what it called “another great Italian export”: a race car. The 2001 Ferrari was driven by Michael Schumacher, who won the Monaco Grand Prix that same year. The car fetched $7.5 million, $2 million more than its estimate.

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