Art Investment

20 millionth triptych by Francis Bacon - at Christie's

Catalogue auction of postwar and contemporary art on May 11 is rich in works sverhdorogih
FRENSIS
Francis Bacon Three Etudes for self-portrait
1974. Source: bloomberg.com

As reported by Bloomberg.com, May 11 at an auction of postwar and contemporary art Christie's will be a rare triptych avtoportretny most expensive British artist - Francis Bacon (Francis Bacon). It is expected that the lot would bring at least $ 20 million.

«Three Etudes for Self-Portrait" was written in 1974. The past 35 years they spent in an American collection, which the auction house owner has given a guarantee (a rare practice in post-crisis days). That is, if the triptych will not be sold, then Christie's will pay the collector a certain amount, the amount of which has been agreed in advance.

the same day, Christie's will offer the picture in 1952 "Untitled (creeping naked on the bar), which is intended to sell for 10-15 million. It has been without warranty. Crouching Nude, among other paintings by Bacon, was discovered in 1990 at a London warehouse.

appearance on one auction of two pieces of Bacon as a high price level suggests that the market for an artist comes to life after lull, 2009-2010. Then, as the London dealer Offer Waterman (OfferWaterman), «the market was unstable: the prices have fallen, and people did not know what time to evaluate his paintings." In May 2008, Roman Abramovich laid out for the "Triptych" in 1976 86.3 million dollars - a record result for British Art, and nine months later at Christie's «Man in Blue VI» not found a buyer Estimé 8.2 million (and this is not the only "crisis" failure). Everything was too vague, and it is clear that the owners preferred to keep his Bacon with him. And once again encourage all relatively recently, after February's sale of three-Study for the portrait Lusiena Freud (Lucian Freud) for 23 million pounds or $ 37 million (the auction Sotheby's) .

May 11 with a hammer Suppose also unknown abstraction Mark Rothko « Untitled № 17 "(preliminary estimate $ 22 million) and an early self-portrait of Andy Warhol (Andy Warhol) with the estimate of 20-30 million.

material was prepared by Julia Maximov, AI

Sources: bloomberg.com , artinvestment.ru


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