Art Investment

Auction "Post War and Contemporary Art» Phillips de Pury

Phillips de Pury auction did not go beyond the estimate, but the result is shown twice better than last year

Summer Series London contemporary art auction in the evening June 27 opened the auction house Phillips de Pury. And although there was no rescue of the impressive amounts as at the subsequent auction Christie's and Sotheby's, a stable result 11.2 million pounds within the estimate 10-14,4 million - is also a good result. This is double last year's total trading June Phillips contemporary art, when no buyer were 47 percent of lots. At this time no attention were only 4 of the 31 lots (13%). Compact auction took only 40 minutes, but during this time of the two artists had set new records and two more works were sold a million pounds.

at Phillips de Pury presented works of Urs Fischer (Urs Fischer), Jacob Cass (Jacob Kassay), Ugo Rondinone (Ugo Rondinone), Beatrice Milyashes (Beatriz Milhazes), Cindy Sherman (Cindy Sherman), and others.

Jean-Michel Basquiat
Self. 1985
Wood, acrylic, oil pastel, lids from bottles. 142 × 153 × 15
Phillips. 06/27/2011. Lot number 8
Estimate: £ 2-3 million
Result: 2.057 million pounds
Source: phillipsdepury.com

Top-lot auction is to be expected was "Self Portrait" by Jean-Michel Basquiat in 1985 - a composition for painted wood with bottle caps, similar in spirit to the art of savages. During this self-portrait of the buyer on the phone to pay a little more than 2 million pounds - within the estimate 2.3 million pounds. Last time this work was sold in 2003, again at Phillips de Pury for 647.5 thousand dollars.

Another top lot was Mark Tansey diptych (Mark Tansey) «Library (Babylon), "gone to a new owner for 1.16 million pounds, slightly below estimate 1.2-1.8 million pounds.

ILYa Ilya Kabakov
solemn picture. 2005
oil on canvas, wood, fabric, acrylic. 127 × 177,8 × 7,6
Phillips. 06/27/2011. Lot № 13
Estimate: 200-300 thousand pounds
Result: 241 250 pounds
Source: phillipsdepury.com

Work the middle of the zero was in abundance, in particular, participants were offered parodied Soviet style of "solemn picture» Elias Kabakov , decorated with red flags. Work with an estimate of 200-300 thousand pounds bought a New York dealer Asher Edelman (Asher Edelman).

DEMIEN Damien Hirst
Confession. 2008
Canvas, butterflies and enamel. 127 × 177,8 × 7,6
Phillips. 06/27/2011. Lot № 13
Estimate: 200-300 thousand pounds
Result: 241 250 pounds
Source: phillipsdepury.com

for his work with butterflies "Confession" by Damien Hirst's art dealer Jose Mugrabi (Jose Mugrabi) paid 690.8 thousand pounds (estimate 600-800 thousand pounds). Mughrabi said that trading success does not ensure the early prime location in the Phillips auction room aristocratic Mayfair, and a good supply of lots. "The atmosphere in the room was good, and - yes: customers buy" - said the dealer.

Prepared by Mary Onuchina, AI

Source: phillipsdepury.com , artinfo.com , artinvestment.ru


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