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Press Release London

For Immediate Release

London | +44 (0)20 7293 6000 | Matthew Weigman | Matthew.Weigman@sothebys.com Leyla Daybelge | Leyla.Daybelge@sothebys.com

SOTHEBYS LONDON SALES OF MODERN & POST WAR BRITISH ART REALISE A COMBINED TOTAL OF 7,719,650
NEW RECORDS AT AUCTION ACHIEVED FOR WILLIAM ROBERTS, JOHN CRAXTON, FREDERICK ETCHELLS AND ALFRED WALLIS THE JERWOOD SCULPTURE COLLECTION MAKES 654,200

William Roberts, The Chess Players, 1929-30, oil on canvas 1,161,250 (est. 300,000-500,000)

SOTHEBYS LONDON 11TH MAY 2012 ---- Sothebys Modern & Post-War British Art Evening and Day Auctions concluded today with a combined total of 7,719,650. The top lot of the Evening Sale was William Roberts oil on canvas The Chess Players, which sold, after an intense four-way bidding battle, for 1,161,250 more than twice the pre-sale estimate and a record for the artist at auction. John Craxtons Sleeping Fisherman sold for 277,250 (est. 100,000-150,000), another auction record. The Jerwood Collection of monumental sculptures made 654,200.

Frances Christie, Head of Department, Sothebys Modern and Post-War British Art commented: These strong results reflect collectors determination to acquire rare and high quality works. The top lots in last nights Evening Sale were fiercely contested and new records set for John Craxton, William Roberts and Frederick Etchells. In all, 42% of the works sold were for above estimate prices, which gives a good indication of the depth of bidding and level of competition in the sale room. Post-war works on paper also performed strongly, with a clutch of records in that medium for, amongst others, Leon Kossoff and Euan Uglow.

John Craxton, Sleeping Fisherman, oil on canvas 277,250 (est. 100,000-150,000)

Lara Wardle director of the Jerwood Foundation commented: Although saddened to see the dispersal of the Jerwood Sculpture Collection, we are pleased with the results of todays sale and delighted that the pieces, including works by some of the younger sculptors have founds homes in both national and international collections. Proceeds from the sale will be used towards future funding of the Jerwood Collection of 20th and 21st century paintings, now in the public domain and on view in the Jerwood Gallery in Hastings. Auction Records Established During the Evening and Day Sales William Roberts, The Chess Players, 1,161,250. Previous record 457,250. John Craxton, Sleeping Fisherman, 277,250. Previous record 181,250. Frederick Etchells, Untitled Vorticist Composition, 103,250,000. Previous record 23,900. Alfred Wallis, St Ives Bay with Godrevy, 1450,250. Previous record 85,890. Records for Artists Works on Paper Leon Kossoff, Head of Chaim, 64,850. Previous record 37,200. Euan Uglow Nude in the Quarry, 9,375. Previous record 5,000.

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