Art Investment

Larry Gagosian bought a self-portrait by Andy Warhol for 17.4 million dollars

The results of the auction of Contemporary Art Christie's

monumental self-portrait of Andy Warhol (Andy Warhol), not visible to the public for over 30 years, became the top lot of the most successful since the "market bubble" London auction Christie's. Painting earned 10.8 million pounds sterling (17,4 million dollars), the overall result of trades amounted to 61.4 million pounds. This is the biggest revenue, recorded in the period from June 2008 (when Christie's sold works of contemporary art at 86.2 million pounds).

of Warhol, very conservatively estimated at 3-5 million pounds, bought a well-known art dealer Larry Gagosian (Larry Gagosian ). The picture was released edition of 11 copies, five of them are now included in the collections of museums (including the London Tate Gallery).

«More and more wealthy people to diversify their assets and starting to invest five percent of their income in art, - said a collector from Montreal, François Odermatt (François Odermatt). - The number of those buying the work for their own private museums. To bigger things now, there is a demand ».

Another key lot of the auction was a wooden sculpture by Jeff Koons (Jeff Koons)« Snow Bears "(3 million pounds Estimé 2,5-3,5 million). Work is also "museum grade" - since 2009, such as bears are exhibited in the Hall of Koons' in Tate Modern.

«Abstract Painting" in blue tones of authorship by Gerhard Richter (Gerhard Richter) was sold for 3.2 million pounds (preliminary estimate 1-1,5 million). It is noteworthy that the painting took it tenderer, to communicate by telephone with Sandra Nedvetskoy - a specialist in working with clients from Russia. As to the seller's work, he managed to earn quite well: more than five years ago, the picture was purchased they "only" for 657.6 thousand pounds.

at Christie's was also set a record price to works by living French artists. Dealers Eykyn Maclean (London-New York) posted 4.1 million pounds for the work of the "new realist" Marcial Reiss (Martial Raysse, p. 1936), entitled "In the past year on Capri (exotic instance). Estimate paintings depicting the artist's girlfriend, was 1-1,5 million.

buyers are not found only five lots of sixty-three. According to Christie's, the auction was attended by representatives of 21 countries.

material was prepared by Julia Maksimova, AI

Sources: bloomberg.com , artinvestment.ru


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