Art Investment

The results of the auction at Sotheby's contemporary art on May 9-10

Sale of the collection of Alan Stone earned nearly $ 55 million. Ensuing auction "Contemporary Art" ended with a score of 128 million. Demand was the work of Andy Warhol, John Chamberlain and Wayne Thiebaud

yesterday and the day before in New York, the trades in modern art Sotheby's. May 9 revealed a series of trades two-part auction of works from the collection of art dealer Allan Stone (Allan Stone) , who founded the gallery in its own name in 1960. In 2006, the gallery owner has died and a year later, in 2007, at Christie's was put up part of his collection, then for 64 lots bailed out 52.4 million dollars. Now Sotheby's in the amount of earned 54.8 million dollars, ie, exactly eight millionth stock overcame an upper threshold estimate the total (46.8 million dollars). Buyer found 93 percent of the lots.

On the first trading session of the attention of buyers have submitted works of abstract expressionists. Sculpture by John Chamberlain (John Chamberlain) «The Nutcracker" in 1958, doubling the upper estimate of 1.8 million dollars, was sold to Larry Gagosyanom for 4.79 million dollars - a new record price for the artist. The previous record belongs to the work of the "Big E" in 1962 (4,6 million dollars, Sotheby's, New York, November 2007).

new customers have found and works of Willem de Kooning (Willem de Kooning). Abstract painting "The case of the barn" in 1947 sold for 4.8 million dollars (estimate 5-7 million). A wonderful landscape in 1958 "Les Zogbaum" new buyer bought for 2.66 million dollars (estimate 2,5-3,5 million).

second part of the auction works from the collection of Stone was devoted exclusively to Wayne Thiebaud (Wayne Thiebaud) - American artist from the West Coast. Collaboration gallerist and the artist began in 1962 when Stone Wayne Thiebaud organized the first solo exhibition in New York. Since then, the art dealer constantly gathers the best work of Thibault, and now at Sotheby's on 17 of them brought 27.5 million dollars. Unsold remained only one work, and almost everyone else exceeded the estimate. Initially, the total estimate amounted to 18 lots 12,3-18,3 million dollars.

top lot of the solo auction was a classic for Wayne Thiebaud work "pie" of 1961. Paid for it a little more than $ 4 million Estimé 2,5-3,5 million. Immediately five contenders have bet on the sketch "Four for pinball machine, and eventually went to work to the buyer on the phone for 3.44 million dollars (estimate 700-900 thousand dollars). Greatly exceeded the estimate of 500-700 thousand picture "Candy", pushed under the hammer for 2.77 million dollars. For figurative work "Reading Man" the new owner has paid well over two million - 2,6 Estimé 1-1,5 million. Excellent results have also shown "A lot of ties" (2.098 million), "cakes" (2.99 million) and "Tree lollipops" (2.098 million).

The next day , May 10, were trading Sotheby's «Modern Art." The overall result of bidding $ 128 million was within the estimate 120,8-171,4 million. 47 out of 58 offers lots found buyers (84,5%).

ANDY WARHOL Sixteen Jackie
acrylic on canvas, silkscreen. 203.2 x 162,6
Sotheby's. 05/10/2011. Lot № 21
Estimate: 20-30 million dollars
Result: 20,242,500 dollars
Source: sothebys.com

Top lots evening began predictably works of Andy Warhol. Six of the seven proposed works Warhol brought together 31 million dollars. Of these, 20.2 million dollars account for the painting "Sixteen Jackies, depicting his wife Jacqueline Kennedy. At work, Shadow (Red) "claimed four clients. As a result, more than five times the estimate, the work was sold for 4.8 million dollars. For another image of Jacqueline Kennedy, this time round, paid 3.7 million dollars. The work comes from the collection of socialite and philanthropist Dodi Rozenkrans (Dodie Rosenkrans).

Jeff Koons, Pink Panther. 1988 Jeff Koons Pink Panther. 1988
Sotheby's. 05/10/2011. Lot number 10
Estimate: 20-30 million dollars
Result: 16,882,500 dollars
Source: sothebys.com

Before trading began, many other porcelain sculpture by Jeff Koons 'Pink Panther' record result . The work was published in 1988 in three copies, plus the author's impression, which offered at Sotheby's for 20-30 million dollars. In 1999, the same work to be auctioned for 1.8 million dollars. Nevertheless, at the evening auction at Sotheby's May 10 auction price "Pink Panther" was lower than the estimate - 16,9 million dollars.

Other top auction lots include «Eroica I» Jean -Michel Basquiat (estimate 3,5-4,5 million, the result of 5,9 million), a photograph "Rhine I» Andreas Gursky (estimate: 1-1,5 million, the result of 2.098 million), "Spatial Concept" Lucio Fontana (estimate 6-8 million, the result 6.24 million).

material was prepared by Maria Onuchina, AI

Sources : artdaily.com , artinfo.com , bloomberg.com , artinvestment.ru


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