Phillips de Pury: «Liz № 5" Andy Warhol sold for 26.9 million dollars
ARTinvestment.RU   16 мая 2011

Total auction contemporary art Phillips de Pury brought nearly $ 100 million

Contemporary Art Auction Phillips de Pury, since the similar auction Christie's and Sotheby's, brought his impressive 98.8 million dollars (estimate 84,5-121,4 million dollars). It is twice more than last May the result of Phillips in this category (45.6 million dollars). Buyers have found 38 of the 50 lots, of which 19 million were sold more expensive, three - left more 5 million, and for the top lot new owner has given more than 25 million.

ANDY WARHOL Liz № 5. 1963 Acrylic on canvas, silkscreen. 101.6 x 101,6 Phillips de Pury. 12/05/2011. Lot number 8 Estimate: 20-30 million dollars Result: 26.9 million dollars Source: phillipsdepury.com

The most expensive work in the evening, quite expectedly, was the «Liz № 5" Andy Warhol put up for sale Soon after news of the death of the great actress . This work was in 1963 - one of the thirteen versions of "Liz," written by Warhol. In 1960 the artist himself is appraised of this series for $ 1500 apiece. "Liz № 5" fell into a collection of famous galeristka Ilian Zonnabend (Ileana Sonnabend). In 2008, while sales of the 600 millionth collection Zonnabend, linen acquired Steve Cohen (Steve Cohen), the deal remains unknown. But we know how much this work is today: at Phillips bought it a client on the phone for 26.9 million dollars.

interesting dynamics of growth of prices for portraits from the series "Liz." In October 1987, eight months after the death of Warhol's work from this series was sold for 176,000 dollars. In 2001 at Sotheby's in New York on the same work has already sold over 3.6 million. In November 2007 at Christie's, another "colored Liz" only cost 23.5 million dollars. The current result of Phillips goes into the same treasury.

Top Lot Phillips rounded out the top three most expensive works of Warhol on contemporary art auction last week. Recall that the gold and silver went to this time two self-portrait, 1963-1964 and 1986 sold at Christie's for 38.4 and 27.5 million respectively . "Sixteen Jackies - work which has risen at Sotheby's for 20.2 million dollars to the podium still not reached and remained in fourth place. On the fifth line there are "Flowers" in 1964 with a score of 8.146 million, slightly above the upper estimate (Phillips de Pury).

Overall, six works by Warhol, exhibited at Sotheby's, went for 36 million, four work for Phillips brought 41.77 million, and eight earned Warhol at Christie's nearly 91 million dollars. If the results of a "Warhol" three auction houses to lay down, you get 168.76 million dollars, in other words, the works of Andy Warhol are responsible for nearly 30 percent of the total results of auctions of Contemporary Art Christie's, Sotheby's and Phillips (579,416 million dollars).

return to the site Phillips de Pury. It is noteworthy that in 11 out of 50 works, including "Liz № 5, just before the auction was made irrevocable rates, which, of course, auctioneers added confidence and guarantee good results.

ANDY WARHOL and Jean-Michel Basquiat Third Eye. 1985 Acrylic on canvas. 205.1 x 327 Phillips de Pury. 12/05/2011. Lot number 20 Estimate: 2-3 million dollars Result: 7.026 million dollars Source: phillipsdepury.com

On auction set a new record price for a joint work by Andy Warhol and Jean-Michel Basquiat (Jean-Michel Basquiat). Grand canvas "third eye" was written in 1985: Warhol had two years of his life, Basquiat - three. For his work with the estimate 3.2 million argued four clients who raised at the end of its price to 7.026 million dollars.

Other top lots in the evening is "Still Life with Mirror" by Roy Lichtenstein in 1972 , which was purchased by calling for 6.58 million dollars (estimate 6-8 million). Another multi-million dollar deal is with the work of Richard Prince's "Naughty Nurse" (2006). Canvas, depicting a nurse in white uniform with blood splashes, the new owner got for 4.56 million dollars (estimate 4-6 million, the guarantee). A composition of abstract brush Gerhard Richter, a Belgian consultant Phillips Catherine van Tillo (Katherine van Thillo) - incidentally, the only woman in the room - paid 4.11 million dollars.

were other works - not of such high quality or with inflated estimate. According to the Parisian art dealer Florence de Botton (Florence de Botton), the market is still very legible: "If the work is worthy, then the problems with selling it will not. But there are also a lot of walk-through works of art - it is important to be careful ».

material was prepared by Maria Onuchina, AI

Sources : artinfo.com , artinvestment.ru