Contemporary art auction Sotheby's brought $ 375 million
ARTinvestment.RU   16 ноября 2012

The work of Mark Rothko «No. 1 (Royal Red and Blue) "sold for 75.1 million dollars, and the work of Jackson Pollock« № 4, 1951 "in the technique of dripping" was bought for 40.4 million

the evening of November 13 in New York City was very successful auction of contemporary and postwar art Sotheby's. The best result was achieved for sales in this category in the history of the auction house. Of the 69 lots offered were left without a buyer 11 works, but in these conditions, the total revenue 375.1 million exceeded the upper estimate total 374.8 million.

Top-lot auction was to be expected canvas by Mark Rothko «No. 1 (Royal Red and Blue) "(1954) . Working with the preliminary estimate of 35-50 million dollars was sold for 75.1 million dollars. This is not far from absolute record for Rothko 86.9 million , set at Christie's in May this year, the work of "Orange, Red, Yellow" (1961). Yesterday, on behalf of his client now «No.1» bought Charles Moffett, vice chairman of the department of Impressionist and Modern Sotheby's, working mainly with U.S. customers. That Moffett in May this year has made a final bid to "Scream" by Edvard Munch.

«No. 1 (Royal Red and Blue) "- one of the eight works selected Rothko for his first solo exhibition at the Art Institute of Chicago. Picture of the last 30 years never left the collection Anne Marion, whose husband, John L. Marion, was the head of the auction house Sotheby's.

Mark Rothko No. 1 (Royal Red and Blue) .1954 Sotheby's. 13.11.2012 Estimate: 35-50 million dollars Result: 75.1 million dollars Source: sothebys.com

Marie BENOIT GILEMIN Jackson Pollock № 4, 1951 Sotheby's. 13.11.2012 Estimate: 25-35 million dollars Result: 40.4 million dollars Source: sothebys.com

work of Jackson Pollock «№ 4 1951 » in technology drippinga (spray paint on canvas) became the second best selling evening. Fabric from the collection of Dorothy and Sidney Kohl (Sidney and Dorothy Kohl) sold for 40.4 million dollars (estimate 25-35 million). This is the best result for the Pollock works at public auction. Previous auction record of $ 23 million was made six months before the auction Christie's work «№ 28" from the collection of David Pincus. But such statistics does not mean that the work of Jackson Pollock are cheaper, say, the same paintings by Rothko. Just Pollock paintings in the art drippinga (most popular) are extremely rare at public auction in the last 20 years, only eight of these works were put up for auction. But in private transactions drippingi Pollock sold much more expensive than in the auction halls in 2006 abstraction "Number 5" (1948) through Sotheby `s specialist Tobias Mayer sold for $ 140 million. Yesterday, the proud owner of «№ 4" became a client of Lisa Dennison, head of the Americas Sotheby's. Drippinga sale is guaranteed by a third party.

auction Sotheby's decorated seven works from the collection of abstract expressionist Sidney and Dorothy Kohl. This string, in addition to the work of Pollock, includes works by Franz Kline, Arshile Gorky, Willem de Kooning, Clifford Still and Hans Hoffman. The total revenue from these eight lots (with Pollock) totaled 101.3 million dollars, and the work of Hoffmann Gorki and set records.

Another top lot was the Francis Bacon's work" Untitled (Pope) "(around 1954). Offer, estimated at 18-25 million dollars, went to a new owner for 29.8 million. The picture belongs to a series of portraits of popes, extremely popular among fans of Bacon. The product was last changed owners in 1975: 71.5 per thousand dollars it bought a collector, in which the work of the meeting was kept up until the current trading.

Prepared Maria Onuchina, AI

Source: artinvestment.ru