Art Investment

Results of auctions of Contemporary Art Christie's

October 16 in London on the evening auction of postwar and contemporary art Christie's. The results of tenders can be called good: of the 25 lots remained unsold only one. The auction brought 11.2 million pounds sterling (18,3 million dollars). This is almost twice the lower estimate (6.8 million pounds). Three of work left for amounts exceeding 1 million pounds. Half of the lots were purchased by buyers from North America.

top lot was the picture of the German artist Martin Kippenberger (Martin Kippenberger), entitled "Bar Paris» (1991). She brought almost 2.3 million pounds in Estimé 0,8-1,2 million. The painting shows a bar in Berlin, where Kippenberger is often arranged gatherings with friends, which included such celebrities as David Bowie (David Bowie), Iggy Pop (Iggy Pop) and Andy Warhol (Andy Warhol). The work appeared in the auction for the first time.

New York dealer Jeffrey Deitch (Jeffrey Deitch) paid 1.1 million pounds for the painting Kippenberger "Waiter ..." (1991). Estimate of work amounted to 500-700 thousand.

At the auction price record was set in the works of the Leipzig School painter Neo Rauch (Neo Rauch). His painting "Post centralization" (1999) brought 892 450 pounds in the evaluation of 350-450 thousand pounds.

leaf "The house among the pine trees (are dealt rooms)" Peter Doig (Peter Doig) to estimate could not reach: Christie's experts estimated it in 1,5-2 million pounds, and took it for 1,4 million . Last November, the picture was exhibited at New York-based Christie's, but remained unsold. Its lower estimate was 4.5 million dollars.

Another "vozvraschenets" - a work of Rudolf Shtingelya (Rudolf Stingel), in which the artist has reproduced picture wallpaper. In February 2008 it appeared at Christie's, but did not find a buyer (at the bottom Estimé 500 thousand pounds). At this time painting valued at 150-200 thousand pounds, and took it for 289 thousand.

The same day, Christie's held auction works of Italian artists of the XX century, which brought 5.8 million pounds. The most expensive lot was predictably blue "Spatial Concept" Lucio Fontana (Lucio Fontana), pushed for 735 650 pounds in Estimé 500-700 thousand.

article prepared by Julia Maksimova, AI

Sources: christies.com , bloomberg.com , artinvestment.ru


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