Art Investment

Auction Christie's «Post-war and contemporary art." Results

Top lots were works by Francis Bacon, Peter Doig, Lyusiena Freud

in London yesterday successfully completed auctions Christie's «Post-war and contemporary art." For 55 of the 67 proposed lots bailed out 78.8 million pounds (126 million dollars) - more than the total estimate 55,8-77,6 million pounds. 19 lots went under the hammer more million pounds, 25 - more expensive than a million dollars. This is the second result for auction at Christie's in that category in Europe (more than able to earn only in June 2008 in London - 86.2 million pounds). Most customers (59%) were from Europe (including Britain and Russia), 26%were Americans, and clients from the Middle East and Asia was 15%.

MYUEK RON
big baby. 1996
Mixed
Christie's. 06/28/2011. Lot number 7
Estimate: 0.8-1.2 million pounds
Result: 825 250 pounds
Source: christies.com

was found five personal records, including a new record price for the work of Representative Ron Young British Artists Myueka (Ron Mueck). The sculpture of the last "big baby" (1996), estimated at 0.8-1.2 million pounds, was sold to a new owner for 825,250 pounds. This work comes from the collection of the former wife of the famous art dealer Charles Saatchi - Kay Saatchi ( Kay Saatchi). Total work from her collection yielded 3.9 million pounds against the estimate 2,1-2,8 million pounds.

to work from Kay Saatchi collection is and set another record for the artist's canvas Portuguese Floors Rego (Paula Rego) «A Look Back" (1987). Paula Rego work, coincidentally in-law Ron Myueka, sold for 769,250 pounds (estimate 600-800 thousand pounds).

LYuSIEN LYUSIEN Freud
smiling woman. 1958-1959
Oil on canvas. 66 x 51
Christie's. 06/28/2011. Lot № 13
Estimate: 3.5-4.5 million pounds
Result: 4.7 million pounds
Source: artdaily.com

special interest shoppers last night showed the works of Freud Lyusiena (Lucian Freud). His early drawing "Rabbit on a chair" (1944) from the collection of Kay Saatchi buyer on the phone he bought for £ 1 million - twice the price estimate 300-400 thousand pounds. The same client and got rare portrait by Freud's "Smiling Woman" (1958-1959), in which the artist has depicted a mother his five children Boiti Susan (Susan Boyt) . Portrait went under the hammer for 4.7 million pounds estimeyte 3.5-4.5 million pounds. It is interesting that since the previous sale of the portrait in 1973, he went up at exactly 1000 times: then, in July 1973, the London auction Christie's a portrait of "The smiling woman" was rated at 4500 pounds and sold for 4700 pounds.

> Francis Bacon
sketch for a portrait. 1953
Oil on canvas. 198 x 137,5
Christie's. 06/28/2011. Lot number 15
Estimate: 10-15 million pounds
Result: 18 million pounds
Source: artinfo.com

Yesterday's trading as a whole can be called in the evening of British artists. This confirms at least that top-lot auction was the "Sketch for a Portrait" (1953) painted by Francis Bacon (Francis Bacon) from the collection of Donald M. Hess (Donald M. Hess). Grim portrait of a man sitting in a dark room at the same time recalls the famous series of portraits of popes, and a series of images of black businessmen detectives, over which the artist worked a decade later. The work estimate is not disclosed, but was likely around 10-15 million pounds, was sold for 18 million pounds ($ 28 million) to no one customer on the phone. Interests of the client in the room represented the Christie's specialist Sandra Nedvetskaya (Sandra Nedvetskaia), working with Russian collectors.

The current success of Bacon's reiterated that the times of stagnation in the market of his work were held. Back in 2009 a similar work, "Man in Blue VI» estimate: 4-5 million pounds was left without a buyer. And now we see not even for sale in and outside of the estimate. "Bacon has returned - believes London dealer Offer Waterman (Offer Waterman). - Now, there are people with large funds that invest in art as a separate asset class».

Peter Doig
Red Boat (Imaginary Boys). 2003-2004
Oil on canvas, silver paint. 199 x 186,4
Christie's. 06/28/2011. Lot № 29
Estimate: 1.4-1.8 million pounds
Result: 6.2 million pounds
Source: artinfo.com

also warmly welcomed to bid the work of another representative of the British Isles - Scotsman Peter Doig (Peter Doig). Jobs' Red Boat (Imaginary Boys), "written in Trinidad during the artist's almost reached a record price for him: painting in the style of Gauguin's tropical scenes, bought for 6.2 million pounds estimeyte 1.4-1.8 million pounds. Now a record for a Doig sale of "How does my soul" in 2009 for $ 10 million (estimate 4-6 million dollars).

Among the works of Andy Warhol's silk-screen printing has become the most expensive 1973 "Mao", pushed under the hammer within the estimate (estimate: 6.8 million pounds, the result of 7 million pounds).

Prepared by Mary Onuchina AI

Source: bloomberg.com , artinfo.com , christies.com , artinvestment.ru


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