Trading Results Christie's «postwar and contemporary art» February 11
ARTinvestment.RU   12 февраля 2009

Evening auction Christie's «postwar and contemporary art», took place yesterday in London, had 8.4 million pounds. Sold 79 percent of lots, of which 48 per cent - above estimeytov

Evening auction Christie's «postwar and contemporary art» was held on 11 February in London. Revenues amounted to 8 392 750 pounds (12 085 560 USD). Top-lot auction was Jeff Koons canvas «Monkey (Ladder)» 2003, which was first offered for auction and sold for 1 385 250 pounds (1 994 760 dollars).

79 percent of lots found their buyers, 48 percent of them were sold above stated estimeytov. A picture left at a price in excess of 1 million pounds, 4 work - $ 1 million. At the auction was attended by buyers from the UK (4%), Europe (66%, excluding the UK), America (27%) and Asia (4 %).

Comment Pilar Ordovas, the International Director and Deputy Director of the «post-war and contemporary art», Christie's Europe: «This evening we saw the interest of collectors in the popular works of art at affordable prices. Private collectors were interested in work that does not appear before in the market, such as canvases by Burri and de Kuninga. In recent years, the category of "Post-war and contemporary art" received a considerable turnover, enjoyed a lot of attention from collectors from all over the world and acquired a substantial share of the market, but as a result of the current economic situation is now entering a new standard for themselves. We are happy to make sure those results that were achieved at the auction, which sold 79 percent of the proposed lots. Collectors continue to attract suitable estimeyty ».

Top auction items:

Cloth «Monkey (Ladder)» (2003) Jeff Koons (born 1955) was first proposed, and went to tender for 1 385 250 pounds (1 994 760 USD). Oil on canvas, height of about 3 meters, is part of a series called «Popa».

Job «burning plastic» (1956), Alberto Burri (1915-1995), previously estimated by experts to 0,8-1,2 million pounds, was sold for 825 250 pounds (1 188 360 USD). This product is a combination of favorite material Buri - plastic - with his favorite technique of the work - the fire.

Cloth «Singing woman I» (1966) Willem de Kuninga (1904-1997) was first proposed, and went to tender for 825 250 pounds (1 188 360 USD). The painting was purchased by current owner shortly after the exhibition held in New York in 1966. It was not exhibited since 1969 and was estimated at 650-850 thousand pounds.

bids have also been sold to the following works:

Cloth Jean Dyubyuffe (1901-1985) «Miss Aranha», belonging to a famous series of the artist «female body» and estimated at 400-600 thousand pounds, sold for 713 250 pounds ( 1 027 080 dollars).

Job Takashi Murakami (born 1962) «Flower Ball (Brown)», estimated at 300-500 thousand pounds, sold for 397 250 pounds (572 040 dollars).

Artwork «stitches» (1994) Jenny Sevill (born 1970), a skilful and lively image of the female head and torso, the height of which is more than 3 meters, has been tentatively estimated at 300-400 thousand pounds, and went to bid for 457 250 pounds (658 U.S. $ 440).

Cloth «More Light» (1988) Sean Scully (born 1945), were purchased by present owner at Christie's auction in 1997 for 49 900 pounds, put up with estimeytom 300 -400 thousand pounds and sold at auction for 361 250 pounds (520 U.S. $ 200).

Source: Press Releases Christie's