Art Investment

Sotheby's will sell a private collection of contemporary art worth 55 million pounds

Works by Dali, Bacon, Modigliani, Chagall, Klee, Giacometti, Freud and the other going under the hammer in February, the auction Looking closely («Gaze")

In February 2011 the auction house Sotheby's London will auction the European art of the twentieth century "Stare» (Looking closely). With the hammer gone private collection of 60 paintings and sculptures, which includes works by Salvador Dali (Salvador Dali), Francis Bacon (Francis Bacon), Amedeo Modigliani (Amedeo Modigliani), Marc Chagall , Paul Klee (Paul Klee), Alberto Giacometti (Alberto Giacometti), Lyusiena Freud (Lucian Freud) and others. The total estimate of trades is 39-55 million pounds.

According to the European department of Impressionist and Modern Art Sotheby's Helen Newman (Helena Newman), all products were purchased in 1960-90's . Representatives of the auction house did not call the name of the owner's collections, but knowledgeable people assume that we are talking about the collection of George Kostalitsa (George Kostalitz) - died in last year's Geneva collector about which the media has been very little is known.

Francis Bacon
Three sketch a portrait Lyusiena Freud. 1964
Estimate: 7-9 million pounds
Source: telegraph.co.uk

Top-lot auction will be the triptych "Three sketch a portrait of Freud Lyusiena" hand of Francis Bacon. Three portraits of 35,5 cm in height were purchased in 1964 in the Gallery Marlborough Fine Art Ltd., Which then worked with the works of Bacon, and appeared in exhibitions since 1965. It is known that once a triptych offered for sale in a private transaction for $ 25 million, in the February auction at Sotheby's hopes to gain for him 7.9 million pounds.

Bacon and Freud in 1945, introduced artist Graham Sutherland (Graham Sutherland), and since then many years they have been friendly rivals, drawing portraits of each other - each in their own way. In the late 1970's artists fell out, began to see less and less.

Over the past 20 years at a public auction sold a total of four portraits of Freud Lyusiena brush Bacon. The last transaction took place in 2003 when a similar small triptych of 3,8 million dollars (2.2 million pounds) has acquired Thai collector Pierre Chan (Pierre Chen). The amount paid at that time was a record for Bacon's works of this size and with it began a rapid rise in the cost of his works, eventually led their author to the first position in the price ranking of British artists.

Despite demand, there are paintings of Bacon auctions often. The last transaction was loud sale "Triptych 1976" for 86.3 million dollars on the New York Sotheby's auction in May 2008 . It is believed the participants' awareness of the art market, "Triptych 1976" then became Roman Abramovich.

London dealer Gerard Fadzhonato (Gerard Faggionato) on the market of the artist: "When the price of the product's growing fast This disturbs the collectors. Buyers want to be sure that prices do not nakrucheny want to know about the failures of his works at auction. " Collector of Bacon's re-convinced of their investment appeal in November 2010, when the canvas "Figure in Motion" (1985) went under the hammer for 14.1 million dollars, far above the estimate.

Salvador Dali
Portrait of Paul Eluard. 1929
Estimate: 3,5-5 million pounds
Source: sothebys.com

Among the other top lots of trades "Stare" - a portrait of the French poet Paul Eluard (1929) brushes of Salvador Dali. A year after writing a portrait of Eluard's wife Elena Dyakonov - Gala has left him for Dali. Portrait of Gala's first husband had bequeathed to their daughter Cecile Eluard. Last portrait exhibited in 1989 at New York auction Christie's, and bought it for 2,1 million dollars ... Georges Kostalits. Now the product is estimated at 3,5-5 million pounds.

collectors are also invited to a small portrait of the wife of Alberto Giacometti Annette. At the same Christie's auction in 1989 Kostalits bought it for $ 2 million - a record result for the painting of Giacometti in those years. Since then, other, more ambitious canvases by this author went under the hammer for more than $ 10 million dollars. Therefore, the current estimate of 2-3 million pounds for this little portrait is not so great.

Among other interesting lots auction organizers say the early self-portrait on copper Lyusiena Freud's estimate: 800 thousand pounds, a small figurine of an acrobat, performed by Alexander Calder (Alexander Calder), and the iron mask Julio Gonzalez (Julio Gonzalez).

in the upcoming auction catalog contains all four of the big size - and they all belong to the brush Marc Chagall. As representatives of Sotheby's, a collector bought them in 1960 to decorate your living room. Pictures of "David", "Bathsheba", "Dance" and "Music" offered to buyers with the estimate in 2-3,5 million pounds each.

material was prepared by Maria Onuchina, AI

Source: bloomberg.com , telegraph.co.uk , artinvestment.ru


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