"Board" CY Twombly auctioned for $60 million
ARTinvestment.RU   17 сентября 2015

At a Sotheby's auction in November exhibiting the work of CY Twombly "untitled" in 1968 from the famous series of works similar to the school Board. $30 million from the sale will benefit the oldest reform synagogue in Los-Анджелеса

On the evening auction of contemporary art Sotheby's in new York November 11, exhibiting the work of CY Twombly "untitled" in 1968 from the famous series of works similar to the school Board. This is one of the few "boards", still remaining in private hands. Assessment lot is $60 million, which means that the work has a chance to beat the current personal auction record for the artist. It was $69.6 million for another "Board" untitled from the series (only 1970), pushed under the hammer at Christie's in November 2014 goda@

Board "untitled", which is put up for auction in November, comes from the collection of Los Angeles philanthropist Audrey Irmas (Audrey Irmas). It purchased in 1990 for $3.85 million (estimate for the lot was $3.5 to 4.5 million) at an auction of works from the collection of Charles Saatchi. 25 years later the work "untitled" (1968) is estimated to have 12 times more expensive — here is a good example of how strongly increased the market of the artist (and only contemporary art) in recent years. To date, at least five works by CY Twombly sold at public auction for more than $20 mln@

proceeds from the sale of the work of Twombly will be directed in favor of the public Fund, founded by Audrey Irmas and her late husband. Including $30 million will be transferred to Wilshire Boulevard Temple, the oldest reform synagogue in Los Angeles. This money will build a new building of the synagogue project REM Kolasa@

Material was prepared by Maria Onuchin, AI

Sources: latimes.com, artnet.com, bloomberg.com, artinvestment.ru