Art Collection Auctioned at Sotheby’s Amsterdam

Sotheby’s Amsterdam saleroom was filled to overflowing as the company’s offering of the world-renowned BAT ArtVenture Collection, formerly known as The Peter Stuyvesant Collection became the most heavily sale attended in Sotheby’s history in Amsterdam. The sale – Sotheby’s first auction of 2010 in Amsterdam – exceeded all expectations, achieving the remarkable total of €13,590,475 ($18,597,750 / £ 12,263,600), well in excess of pre-sale expectations (Est. €4,364,200-6,276,300). Presale interest had been huge and more than 500 clients had registered to bid in tonight’s sale – either in person, by phone or by leaving absentee bids — and the sale established sell-through rates of 97.5% by lot and 99.6% by value. These notable results further build on the outstanding successes recently established by Sotheby’s in the field of Contemporary Art in New York and London.

Mark Grol, Managing Director of Sotheby’s Amsterdam, said: “Sotheby’s Amsterdam made history this evening with the sale of works from one of the most beloved corporate art collections ever formed. The results achieved tonight represent the highest total ever achieved in the Netherlands for a sale of fine art.”

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