Art Investment

Bidding Shristie's «postwar and contemporary art"

the evening of June 30 in London took place trades Shristie's «postwar and contemporary art. The result amounted to 45.6 million pounds (68,6 million dollars). It sold 84 percent of lots (85 per cent in money terms). Strong results were demonstrated in the works of artists from around the world. During the auction, set six world record price - on the work of Jules de Balinkura (Jules de Balincourt), Alighieri Boetti (Alighiero Boetti), Glenn Brown (Glenn Brown), Chapman Brothers (Jake and Dinos Chapman), Chris Ofili (Chris Ofili), Sean Scully (Sean Scully). The market consolidated its position through 16 works, sold over 1 million pounds each. 19 works went under the hammer for more than $ 1 million each.

«We are very careful approach to the selection of works on these trades, offering a wide selection of bright and fresh works of high quality. As a result, the market reacted immediately and with great enthusiasm - commented on the results of trades Francis Autrid (Francis Outreed), Head of European Department of Post-War and Contemporary Art Christie's. - Meaningful work, no doubt, has become a large-scale canvas Alighieri Boetti "Map" for which fought a great the number of buyers from around the world, as a result of the "war Bidding painting went under the hammer for 1.8 million pounds, doubling its lower estimate. At the auction, radiant works of young artists on a par with world names - all this together suggests that the demand and desire to buy at the prevailing market postwar and contemporary art ».

Top-lot auction was a painting by Andy Warhol (Andy Warhol) «Silver Liz" 1963. This is just one of the two existing versions work on which Hollywood film star is shown with purple eyes, in addition, the product does not appear in public since 1989. It was sold for 6,762,150 pounds (10,168,920 dollars).

Another top lot was a tender paintings of Jeff Koons (Jeff Koons) «Obsession" in 1999, which refers to a series of works by the artist entitled "Children's Games" and illustrates children's motivation, having great importance for the creation of the author. It was sold for the sum of 3,401,250 pounds (5,115,480 dollars) for Estima 2,5-3,5 million pounds and set a record price from the sale of the beautiful works by this author.

A massive canvas "Map" in 1989, created Boetti Alighieri (1940-1994), is the outstanding work of a series of artworks, which for the time of its inception, served as a kind of prediction of impending globalization. It has gone under the hammer for a record for a work by the amount of 1,833,250 pounds (2,757,208 dollars). Initially, the product evaluated in 0,9-1,2 million pounds.

«Collage. Nude with a red shirt "Roy Lichtenstein was sold above the claimed estimeyta at 600-800 thousand pounds for 2.7 million pounds (4.1 million). Lot is clearly delighted the audience in the auction hall, and buyers continued to struggle to a record sum for works on paper artist.

work of the young generation of artists is also in demand at the auction. Thus, the work of Jules de Balinkura (Jules de Balincourt) «American sketches II», which opened up bidding, eventually took over the record for this author worth 277,250 pounds, more than four times its upper estimeyt 60,000 pounds.

String works by young British artists YBA (Young British Artists), consisting of works proposed for the auction by different owners, included three works exhibited in the famous show "Sensation", organized by the Royal Academy in 1997.

Among the top lots - fabric Glenn Brown (Glenn Brown) «Dali-Christ (based on the work of Salvador Dali's" Soft Construction with Boiled Beans (Premonition of Civil War) "1936, re-created with Courtesy Foundation Gala-Salvador Dali, Spain). This canonical work of the group YBA sold by auction for a record $ 1.4 million pounds (estimate 0,7-1 million pounds).

Sculpture "Superman" in 1995, for which Jake and Dinos Chapman (Jake and Dinos Chapman) as a model chosen figure of the famous scientist Stephen Hawking (Stephen Hawking), was sold for $ 241 £ 250 - a record for the product Chapman Brothers (estimate 250-350 thousand pounds).

work of Chris Ofili (Shris Ofili) «Orgena" 1998, praising a collective image of African women, went at auction for a record 1.9 million pounds in Estima 0,7-1 million pounds.

in the trades involved buyers from Europe, including Britain (58%), America (30%) and Asia (4%). Of the other countries was 5%of buyers. Tonight afternoon trading Shristie's «postwar and contemporary art».

Top-10 evening auction Christie's June 30, 2010 "Post-war and contemporary art»

Lot

Description

Estimeyt, of millions of pounds

Cost, £ / dollars

buyer

16

Andy Warhol (1928-1987)
« Silver Liz ». 1963

6-8

6761250 / 10168920

anonymous buyer

14

Jeff Koons (born 1955)
« Obsession ». 1999
world record for the artist painting at auction

2,5-3,5

3401250 / 5115480

Art dealer
from the U.S.

15

Roy Lichtenstein (1923-1997)
« Collage. Nude with a red jacket ». 1995

0,6-0,8

2729250 / 4104792

private buyer
from Europe

33

Cy Twombly (b. 1928)
« Untitled (Gaeta) ». 2004

2-3

2505250 / 3767896

art dealer from Europe

48

Gerhard Richter (b. 1932)
« Abstract Composition ». 1986

1,5-2,5

2393250 / 3599448

private buyer
U.S.

41

Chris Ofili (b. 1968)
« Orgena », 1998
world record for a work of the artist at auction

0,7-1

1889250 / 2841432

private buyer
from the U.S.

10

Boetti Alighieri (1940-1994)
« Map ». 1989
world record for a work of the artist at auction

0,9-1,2

1833250 / 2757208

Art dealer
from the U.S.

21

Alexander Calder (1898-1976)
« pair fish tails » . 1975

1,2-1,8

1441250 / 2167640

private buyer
from Europe

39

Glenn Brown (b. 1966)
« Dali-Christ (based on the work of Salvador Dali's" Soft Construction with Boiled Beans (Premonition of Civil War) "1936, re-created with the kind permission Fund Gala-Salvador Dali, Spain) ». 1992
world record for a work of the artist at auction

0,7-1

1441250 / 2167640

private buyer
from the U.S.

24

Alexander Calder (1898-1976)
« black and yellow spots in the air » . 1960

1-1,5

1385250 / 2083416

private buyer
from Europe

Source : Press Release Shristie's


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