Sensational results of sales of German artists at London's Sotheby's auction
Last night at Sotheby's auction of paintings by German artists from the collection of Christian Durkheim brought 174 million dollars
Yesterday London's Sotheby's auction raised a record amount - 108.8 million pounds (174.1 million dollars) and thus almost 4 million raised over the top bar of the total estimate 74 -105 000 000 pounds. This result - the largest contemporary art for auction ever held in the British capital. He achieved largely thanks to the collection of seldom appearing on the market works of postwar German art from a large private collection. Did not find buyers nine of the 88 lots, so the amount of unsold works amounted to 10 percent of the minimum number of lots and 6 percent of their total value.
Overall, 29 of the exhibited at yesterday's auction of lots were sold more a million pounds, and 45 - expensive million dollars. The average lot price of 1.4 million pounds ($ 2.2 million).
total revenues exceeded the previous record of evening auction at Sotheby's in London, established in February 2008. Then 56 lots brought the auction house 95 million pounds (189.5 million dollars). It is worth noting that the dollar was stronger then much.
If someone still have doubts about what the art market, in spite of world events, now on the rise they finally dispel the following fact: yesterday's figures are considerably higher than the total amount of 41 million pounds (61.8 million) earned in June last year, 44 lots of a similar auction. Tidbits from the collection of Durkheim was dismantled in 75 minutes, and the passions of other times and surpasses it seemed as if you accidentally transported into the gold rush.
Such associations occurred more than once, especially when put up for sale the work of Gerhard Richter "Sisters" (1967). The first quotation was 800 thousand pounds, but it was followed by an impatient cry of another buyer, who called the $ 1.9 million. In a typical scenario, the sum of the second sentence would be about 900 000 pounds. Even a well-worn auctioneer Tobias Meyer was quite surprised a figure: he asked whether the hall someone who wants to compete, "this incredible price offer».
What is even more amazing wishing found. As a result, cloth with a picture of two girls went to a telephone buyer for 2.5 million pounds ($ 4 million) at 1.2-1.8 million estimeyte.
Earlier the New York dealer Christophe Van de Vega won a tense battle for another job Richter - "1024 Colors" (1974), not feeling sorry for her to pay 4.2 million pounds (6.9 million) estimeyte 1-1.5 million pounds.
«This is a very special picture," - later said van de Vega. "There are only three of Richter's such a format, and where there are two others - is unknown. The picture in perfect condition: there are no cracks or other damage, so initially we were ready to offer for her and more ».
Such reviews are often heard at yesterday's auction, the top-lot auction has caused a desperate struggle Sigmar Polke painting "Jungle" - a catchy landscape in 1967 in the technique of pointillism, which literally blew up the appearance of the hall. The picture went to a telephone buyer for a record $ 5.7 million pounds (9.2 million) estimeyte 3-4 million pounds. This result is literally smashed the previous record of Polke, which belonged to the work of the 1966 "The Beach" which was bought at auction in London at Christie's in February 2007 for 2.7 million pounds ($ 5.3 million) - and it's really a stunning result.
Of the nine belonged to Durkheim and displayed at yesterday's auction of canvases Polke is one more surprised the audience by a sharp takeoff prices - "Urban pattern II», depicting a landscape lit by the lights of the night city. The work has found the owner in the face of Paul Shonevalda who gave her a 4.6 million pounds ($ 7.4 million) at 2-3 million pounds estimeyte.
«I could pay and more - say dealer, leaving the room bidding. - This painting first appeared on the market after three decades of staying in the collection, and it is now a novelty for all ».
As the catalog of the auction, Durkheim bought cloth in the late seventies through the Munich dealer Fred Jahn, who for the post-war German artists, was a sort of Leo Castelli (the legendary American gallerist and collector, who played an important role, eg in the career of Andy Warhol). Name Fred Jahn provenance is mentioned in most collections.
At least six clients were arguing for the work of Georg Baselitz «Spekulatius» (1964) with an estimate 2.3 million pounds in the end got the picture of Alexander Akvavella (Alexander Acquavella) from New York's Acquavella Galleries in record Baselitz for 3.2 million pounds (5.17 million dollars).
If you could give away prizes just for active participation in the auction, the award went to the Paris dealer ropac Tadeusz (Thaddeus Ropac), which traded for nearly every of the 11 works offered Baselitz. As a result, he went to work, "Big Night" (1962-1963) for 2.4 million pounds (estimate 2-3 million pounds). "I made a very attractive purchase. For its time, this work was a radical and aggressive, and I was ready to pay much for it "- says ropac.
Can we talk about the stunning success of the works from the collection Durkheim? Head of contemporary art at Sotheby's in Europe Cheyenne Westphal (Cheyenne Westphal) believes that there can not be. She noticed that while the collector suggested that only a very small part of his collection to see what the reaction of customers.
After selling the collection Durkheim the second part of the marathon auction, but its 54 lots of the different owners, were met not with the same enthusiasm. However, «Crouching Nude" in a bright green background hand of Francis Bacon was sold for a solid 8.3 million pounds - is strictly within the estimate 7-9 million pounds. The result is impressive, but still not up to hammer price of Bacon at Christie's the day before yesterday (his "Sketch for portrait "June 28 was sold for 18 million pounds ).
Two popular Auction second session of the auction were provided by famous Greek collector Dimitri Mavrommatis (Dimitri Mavrommatis). For the work of Christopher Wool (Christopher Wool) «Untitled - P137» alkyd paints on aluminum with a black inscription "Cats in the bag," art dealer Larry Gagosian paid 1.9 million pounds (estimate of 1.5-2.5 million pounds). The same job in 2007 at Christie's was sold for 988,000 pounds - a good gain in four years.
And the work "Untitled" (1981) Jean-Michel Basquiat (Jean-Michel Basquiat) of the same "private European collection," and that the product of Voula, was sold to the buyer on the phone for 5.4 million pounds (8.6 million) - not as a significant increase since the last sale in 2007 for 7.7 million dollars.
Another lot Basquiat - Collage and acrylic on canvas, "Harlem newspaper" (1987) - was sold to a Parisian dealer, John Saeg Belchatovski (John Sayegh-Belchatowski) for 1.55 million pounds. The buyer called it a good investment because of the Basquiat market are rare, and private individuals, they are sold for big money.
Despite the impressive results of many lots, and outspoken yesterday were failures. Although one of the top lots of hands of Andy Warhol (Andy Warhol) - Portrait 1980 rock diva "Debi Harry" with eyes wide open - was sold for 3.7 million pounds against the estimate 3.5-5.5 million pounds, but another top lot - one of the first works of the legendary series with banks soup Campbell's - not done a single rate (estimate leaf was 3.5-4.5 million pounds).
"The market for Warhol is now very strong, but buyers are choosy surprisingly - says Los Angeles dealer Dominique Levy (Dominique Levi) from L & M Arts, - we did not expect so picky." By about the "Banks soup Campbell's» she added: "This was not so fresh, like the others, and looked a little shabby." It seems that today's customers, though, and has sufficient funds are not traded blindly - at least in some categories.
Material Prepared by: Maria and Maria Estrova Onuchina, AI
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