"Nurse" by Richard Prince bought at Phillips for 6,5 million dollars
ARTinvestment.RU   17 мая 2010

Trading Results modern art Phillips de Pury

Last week, the major auction houses sold works of postwar and contemporary art. The results of Christie's May 11 you can read here , of Sotheby's May 12 - here . On Thursday, their trades works by artists of the XX - XXI century spent Phillips de Pury.

buyers were offered 74 lots, 22 of which had previously belonged to a collector odious Halsey Minor (Halsey Minor). Mynor, recently called "the worst tax evaders in California (it must state 13.1 Million!), Has managed to anger both the largest auction house: and Sotheby's, Christie's and argue that a collector has refused to spread the money for the acquisition of expensive work. In March, the court ordered Minor to pay Sotheby's 6,6 million dollars; Christie's hopes to win his 7 million. Another 21.6 million have Minor investment bank Merrill Lynch (branch Bank of America). The latter and will get revenue from the sale of works by Phillips.

first collection of Minor wanted to implement at Christie's, but Phillips suggested that more favorable conditions: he promised collector 108 percent of the "hammer price" ( ie, part of its own commission fee). At the auction on May 13 buyers found 19 works from the collection. They brought 21 million dollars, with an upper Estima 23.85 million. The most desirable lot was painting by Richard Prince, (Richard Prince) «nurse in Hollywood № 4 (2004), which bought for 6.5 million dollars in evaluating 5-7 million. The amount outstanding, though not a record: the most expensive piece is the artist's work "Nursing Abroad" (2002), which was sold in 2008 for 4.2 million pounds (8.5 million dollars).

Sale attracted many wealthy collectors: in the saleroom were seen Edlys Stefan (Stefan Edlis), Don rubellite (Don Rubell), Lawrence Graff (Lawrence Graff) and Peter Brant (Peter Brant). The six available Minor, left expensive than a million. Among them - the picture collapsing Ed (Ed Ruscha) with the image of a bird, called "Angry because the putty, rather than milk" (1965). It was purchased for 3.2 million dollars (estimate 2-3 million). Another "Star" lot - lounge Lockheed Australian designer Marc Newson (Marc Newson), brought a record 2 million (estimate 1-1,5 million). Another version of this chair was sold in April last year (once again, Phillips) for 1,6 million.

Other personal records: 1.4 million for abstract diptych Mark Groutdzhana (Mark Grotjahn) «Untitled (White Butterfly MG01)» (2001), and 1 million for a triptych Walton Ford (Walton Ford) «Death in Lisbon Rhinoceros" (2008).

Outcome auction May 13 - 37,9 million dollars. To the new owners went 58 products. The next day the daily auction, the proceeds of which amounted to 7.5 million (3.3 million - for works from the collection of Minor).

material prepared Yulia Maksimova, AI

Sources: artinfo.com , artinvestment.ru