Art Investment

Auction of works by modern artists of Sotheby's was a success

June 25 in London took place on the evening auction of works by modern artists, organized by the auction house Sotheby's. The result is impressive: 25 549 540 pounds sterling (U.S. $ 41 911 318/29 823 964 Euro) when estimeyte 19 755 000-27 435 000 pounds. Auction started with a few notable sales, which set the tone for the entire action: Customers have 37 of the 40 lots. Percentage of sales (92.5%) - one of the highest in the history of modern art evening auction at Sotheby's London. Monetary Statistics - 97,2%. The majority of work (51.4%) prices subject to Buyer's Premium exceed estimeyt.

To participate in the auction registered more than 380 clients. 57% of the buyers were Europeans, 24% - 19% of Americans - Asians.

Six lots have excess of one million pounds, four of them broke the mark of two million. Ten have been sold more million dollars. The most expensive lot was the rare picture of Andy Warhol (Andy Warhol, 1928-1987), entitled «Mrs. McCarthy and Mrs. Brown (catastrophe Tuna)», pushed for 3 737 250 pounds (U.S. $ 6 130 585/4 362 505 euros). Estimeyt pictures, written in 1963, amounted to 3,5-4,5 million.

This is what shows the results of the auction Uestfal Cheyenne (Cheyenne Westphal), chairman of the department of modern art Sotheby's Europe: «rate made this evening - 92,5% of lots sold, is one of the highest all-time the existence of evening auctions in this category held by Sotheby's in London, and the overall result of the auction is very good - we are very pleased with the outcome of bidding, and look with optimism on the prospects for the market of contemporary art. Our policy - select «fresh», rarely appearing on the market works from private collections, written by leading post-war and contemporary artists - once again showed that the market for such works is kept very well. Thanks to a new level of prices in this area has increased the confidence of customers and many wanted to participate in today's auction - in the current situation where there is a correction in the market, our customers confidently enter into a transaction ».

Oliver Barker, senior specialist for contemporary art: «We have organized the auction, which showed the breadth and depth of the market of contemporary art: work that appeared in today's auction, were all" color "of art last seventy years, and attracted large number of collectors. Classical and post-war work of [Alexander] Koldera (Alexander Calder), [Jean] Dyubyuffe (Jean Dubuffet), and [Yves] Klein (Yves Klein), created in the 1930's, 1940's and 1960's respectively, were presented on equal terms with the creations of outstanding artists pop art such as Warhol, as well as more modern works by [Peter] Doig (Peter Doig) and [Andreas] Gurskii (Andreas Gursky), created in the last ten years. During the fighting of the buyers from Europe, America and Asia, and as a result, the percentage of lots sold was incredibly high - much as 92,5 %».

cover auction catalog of reproductions of paintings adorned «Almost grown» Peter Doig (b. 1959). For this painting, estimated at 1,4-1,8 million pounds, fought two buyers. They brought the price up to 2 057 250 pounds (U.S. $ 3 374 713/2 401 435 euros). The film, written in 2000, is one of the best landscape painter. This work has demonstrated a clear Doig painting skills. At the creation of artist's paintings inspired by memories of childhood spent in Canada. His parents had a farm, located near the town of Coburg and Lake Ontario.

Brančík Alex (Alex Branczik), deputy director of the department of modern art: «The amount of 2 057 250 pounds, which yielded (kartina. - Ed .)« Almost grown », indicates not only on the quality of this work, but also on how successful Sotheby's is selling the masterpieces of this artist ».

For a picture, whose sale was the main sensation auction - «Mrs. McCarthy and Mrs. Brown» Andy Warhol, fought at least three buyers. Collector of Europe, exposed work for auction, has a well-earned: the previous time the product appeared at auction (again, Sotheby's in London) in 1995. Then it took over 290 thousand pounds of that 12 times less than the amount brought the canvas on June 25. The painting depicts two housewives from the suburbs of Detroit, died of poisoning from canned tuna. «Mrs. McCarthy and Mrs. Brown» - the only work from the series «The disaster Tuna», has received its own name. It is one of the most important works in the legendary series «The Death and disaster», as well as a prototype for «silver» paintings depicting Liz Taylor (Liz Taylor) and Elvis Presley (Elvis Presley), written shortly after her.

from the same private collection has received two more works of Andy Warhol: «Serp & Molot» (1976) and «shoes, diamond-coated crumbs» (1980). The two paintings - a museum-class works. «Serp & Molot», estimated at 2-3 million pounds, was sold at lower estimeytu - 2 001 250 pounds (3 282 850 Euros/2 336 066 dollars). The film, recently on display in the Tate Gallery in London, permeated the political symbolism, even the colors here - «socialist» red, white and black - are associated with Soviet-era propaganda posters. «Shoes diamond coated crumbs» also went to a pre-assessment: 634 850 pounds (U.S. $ 1 041 408/741 063 Euro) when estimeyte 600-800 thousand pounds. Outcome three Warhol paintings from the collection of 6 373 350 pounds (estimeyt 6,1-8,3 million pounds).

The second place in the list of the most expensive of the auction - kinetic sculpture - «mobility» Koldera Alexander (1898-1976), which exhibited at the bidding of another European collector. Working under the name «Five pieces of wood», made of wood, wire, yarn and twigs (127 x 92 x 21), has 2 627 250 pounds (U.S. $ 4 293 337/3 055 125 Euro) when estimeyte 1,2-1, 8 million. For twenty-two years since the last appearance of this sculpture at auction, its price has increased 21 times: at the New York Sotheby's auction in 1987-meters, it has 198 thousand dollars. The piece was created in the early 1930's - a period which is considered very important in the creation Koldera. «Five pieces of wood» is one of the best hundred I ing mobile Koldera ever put up for public auction. The market is not the sculpture appeared almost 16 years (the seller bought it in 1993 in Zurich gallery Hauser & Wirth). At Sotheby's for six buyers fought it.

At the auction was presented to another job Koldera - ring dangling mobile of painted metal, made in 1956 (estimeyt 1,2-1,8 million pounds). This sculpture also exceeded estimeyt: Buyer laid out for them 1 833 250 pounds (U.S. $ 3 007 263/2 139 959 euro).

Excellent picture Dyubyuffe Jean (1901-1985), entitled «An Arab with a gun», acquired by the previous owner in 1978, was sold for 903 650 pounds (1 482 347 USD/1 054 834 Euro) client , called the price on the phone. Estimeyt canvases at 500-700 thousand pounds. Painting (92 x 73) was written in 1948, at the very beginning of the mature period in the artist's works. It fully demonstrates the unending energy and joy with which Dyubyuffe depicted the world around us.

Exu painting by Jean-Michel Basque (Jean-Michel Basquiat, 1960-1988), written in 1988, is one of the last works by the artist, known to researchers. She left for 1 273 250 pounds (2 088 639 USD/1 486 269 Euro) when estimeyte 1,1-1,3 million pounds. It works with a multitude of meanings, which connects the history of African Americans Baskov with its history «rebel against the art world», and even providit own death. The last time the work exhibited at the Art Museum of Houston (2005-2006).

At the auction were exhibited several works of German artists. Among them - the picture «antlers» painted by Gerhard Richter (Gerhard Richter, p. 1932). The work performed in 1967, left over 481 250 pounds (789 U.S. $ 442/561 765 Euro) in the evaluation of 500-700 thousand pounds. This is a great canvas is one of the earliest samples rihterovskoy «fotozhivopisi». It is an excellent example of the artist painting techniques, masterfully transforming «primary» - black and white photo. «Antlers» does not appear on the market since 1994.

June 25, was a record for the creation of American artist Meret Ethiopian origin Julie (Julie Mehretu, r. 1970). Her picture «Untitled (Dervish)» left over 241 250 pounds (395 U.S. $ 746/281 612 Euro).


Top-10 lots Sotheby's auction on 25 June































































































































№ lot


Author


Name


Year


Material


Result


Estimeyt


Buyer


1


14


Andy Warhol


Mrs. McCarthy and Mrs. Brown (catastrophe Tuna)


1963


Canvas, silver paint, silk screen printing


3 737 250 pounds (U.S. $ 6 130 585/4 362 505 euro)


3,5-4,5 million pounds


Anonymous buyer


2


4


Alexander Kolder


Five pieces of wood


1934


Standing mobility (wood, fibers, rods, wires)


2 617 250 pounds (U.S. $ 4 293 337/3 055 125 euro)


1,4-1,8 million pounds


Anonymous buyer


3


9


Peter Doig


Almost grew up


2000


Oil on canvas


2 057 250 pounds (U.S. $ 3 374 713/2 401 435 euro)


1,4-1,8 million pounds


Anonymous buyer


4


15


Andy Warhol


Sickle and hammer


1976


Oil on canvas, acrylic, silk screen printing


2 001 250 pounds (U.S. $ 3 282 850/2 336 066 euro)


2-3 million pounds


European art dealer (on behalf of private collector)


5


13


Alexander Kolder


Untitled


1956


Dangling mobility (painted metal)


1 833 250 pounds (U.S. $ 3 007 263/2 139 959 euro)


1,2-1,8 million pounds


The private collector, Europe


6


18


Jean-Michel Basque


Exu


1988


Oil on canvas, acrylic, oil pencil


1 273 250 pounds (2 088 639 USD/1 486 269 euro)


1,1-1,3 million pounds


The private collector, Europe


7


29


Jean Dyubyuffe


An Arab with a gun


1948


Oil on canvas


903 650 pounds (1 482 347 USD/1 054 834 euro)


500-700 thousand pounds


The private collector, Europe


8


5


Nicolas de Stal


Still-life with the Countess


1953


Oil on canvas


870 050 pounds (U.S. $ 1 427 230/1 015 612 euro)


500-700 thousand pounds


The private collector, Europe


9


11


Damien Hurst


Dedication to Government (Location)


2006


Canvas, butterflies, gloss, frame artist


657 250 pounds (U.S. $ 1 078 153/767 210 Euro)


500-800 thousand pounds


The private collector, Asia


10


16


Andy Warhol


Shoes, diamond-coated crumbs


1980


Oil on canvas, acrylic, silkscreen, diamond grit


634 850 pounds (U.S. $ 1 041 408/741 063 Euro)


600-800 thousand pounds


The buyer of the United States



* All prices are inclusive of Buyer's Premium

Sources: press release Sotheby's, sothebys.com


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