Sotheby's held two auctions of contemporary art within the art fair Frieze
Auctions "Modern Art" and "Italian art of the twentieth century" brought 13.3 and 17.2 million pounds, respectively. The most expensive were the product of Lucio Fontana and Andy Warhol, Andreas Gursky and Frank Auerbach
in the London office of Sotheby's in the Frieze Art Fair October 15, the trades in modern art, which brought in the sum of 13.3 million pounds (21,3 million dollars). It sold 90%of the 39 lots offered to buyers. Among them were 14 works up for auction by the former wife of Mick Jagger, the model Jerry Hall .
From collection of Jerry Hall is the canvas in 1997 brush Lyusiena Freud's eighth month, "which depicts a naked Hall, which at that time was pregnant with fourth child - Gabriel. Painting was sold for 601,250 pounds Estimé at 300-400 thousand.
Other work, which belonged to Hall, "Head Helen Gillespie IV» Frank Auerbach found a buyer for 1.1 million pounds and has become one of the three auction lots sold more a million pounds.
Two other top auction lots - a "shoe in diamond dust" in 1980 by Andy Warhol and photography in 2007, Andreas Gursky, "Pyongyang IV».
Painting Warhol "Shoes in the diamond dust" height 2,4 meters have not put up for auction. She went to a new owner - a London dealer Alan Hobart (Alan Hobart) from Pyms Gallery, traded on behalf of his client, for 1.6 million pounds. Gursky picture, depicting the massive cultural and sporting events in North Korea, Estimé at 500-700 thousand reached a hammer price of 1.3 million pounds.
Along with the bid Contemporary Art »Sotheby's also held auctions "Italian Art of the XX century". At last year's Frieze fair, these auctions also walked a pair. In 2009 they brought in the sum of 12.8 million pounds, 7.4 of which were on Italian art. The result of this year, significantly better: 17.2 million pounds for 35 lots of Italian origin. Had been sold for 89%of the proposed positions.
Few of Italian works went under the hammer significantly higher than the projected amount, but the overall result was trading at £ 5 million above the total lower estimate of auction.
Lucio Fontana reaffirmed its reputation as the most lucrative Italian painter of the twentieth century. Two "Spatial Concept" of the author, the proposed estimate: 1,5-2 2-2,5 million pounds and have reached as a result of the hammer price of 2.3 million pounds each.
Overall, Sotheby's auction in London's Frieze Art Fair was a success. According to the dealer from Dusseldorf Shonevald Paul (Paul Shoenewald), «estimeyty still pretty high, and dealers are very difficult to buy something. The true test of the art market will be the November auctions contemporary art in New York, where the quality of the proposed works will be higher ».
Sources: , artinvestment.ru
Permanent link to:
https://artinvestment.ru/en/news/auctnews/20101019_sothebys_frieze.html
https://artinvestment.ru/news/auctnews/20101019_sothebys_frieze.html
© artinvestment.ru, 2025
Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.
