The auction house has assembled a team of specialists who will present the October 13 first company to auction of contemporary art: the top will be lots of Boetti, Glenn Brown and others

GLENN BROWN The little death
Bonhams. 13.10.2011
Estimate: 700-900 thousand pounds
Source: telegraph.co.uk

Last summer auction house Bonhams announced restructuring, which should manage the company at 30 million pounds. In the framework of Bonhams auction stops in the city of the British Noul Midlands, as well as in Dubai, but at the same time, starts the auction of contemporary art. Contemporary Art - one of the most profitable sectors of the art market, but until then the auction house is not seriously engaged in sales of works by contemporary artists. Eight months ago the company hired to manage the department of contemporary art by Anthony McNerney (Anthony McNerney), which has worked before, and in Christie's, and Phillips de Pury & Co. To compete with the top three auction houses, McNerney, head of Bonhams, supported by Robert Brooks (Robert Brooks), has assembled a team of eight professionals with experience worthy of the previous work in the leading auction houses.

first fruit of labors young team will be coming auction to be held in the midst of the London art fair Frieze - October 13. The company has already released 120-page catalog of upcoming auction, and lots of important show to potential buyers in New York and Hong Kong.

The most important step in the auction house on the road to success in the new field was a proposal to sellers of favorable conditions for safeguards and advances. The other auction houses - Sotheby's, Christie's and Phillips - a practice long-acting (for the most valuable lots). Now Bonhams and the catalogs for the first time there will be eloquent symbols denoting that the auction house or third party willing to buy the lot at a guaranteed price if the work does not go under the hammer. It is worth noting that these terms apply only to the three most expensive lot of upcoming auctions. < /p>

Among the lots of "Little Death" by Glenn Brown (Glenn Brown) - one of the most sought after works by the artist for the curators involved in its creation. Cloth, which became part of a series of works inspired by the images of Frank Auerbach ( Frank Auerbach), casts doubt on the concept of originality in art. It was included in a retrospective of Brown's, which was held in 2009 at Tate Liverpool. The work never previously exhibited at the auction and will soon appear at Bonhams with a guarantee and estimate: 700-900 thousand pounds. Today Brown is officially the Gagosian gallery (Gagosian gallery), and three of his works previously brought more than a million pounds, so that the estimate "Little Death" is entirely justified.

Two guaranteed a lot - of Martial Rice (Martial Raysse) and Boetti Alighieri (Alghiero Boetti). The product of a close pop-art French author Rice, whose work has recently increased in price, buyers will be asked for 350 thousand pounds. But the eyes of stakeholders are addressed, especially in side of one of the rarest works Boetti Alighieri, Italian conceptualist, whose retrospective show in the next year the British Tate Modern. His "1984" - the penalty a work consisting of sketches by the artist 216 magazine covers for the year (for more details about the work and its author read the here ). Three of Boetti had previously crossed the barrier of one million pounds so that the experts confer on Bonhams' 1984 "great expectations.

interesting team approach Bonhams contemporary art to the creation of young and misunderstood writers. The first work at auction Portuguese Jorge Kerosa (Jorge Quieroz) whose work in recent exhibitions in Paris and New York went to "cheers", previously estimated at 15 thousand pounds - slightly lower than the request for his work gallery.

Also on auction blade will not received the recognition in vivo British minimalist Bob Lo (Bob Law), who died in 2004. A rare visitor to the auction, the work of Lo, made in the sixties of last century, is a white canvas, a colorful line circled around the perimeter. When life works Lo little appreciated, so that they were pretty hard sell. But Bonhams decided to risk it: for the upcoming auction work valued at Lo 40 thousand pounds. However, today this is a good reason: last week, another product of Lo with the estimate 3000 pounds was spent on Christie's for 24 thousand. Another neraskruchennaya until the artist - Phyllida Barlow (Phyllida Barlow), whose work has recently is a powerful international gallery Hauser & Wirth. It seems, Bonhams has chosen a good time to introduce buyers second appearing at the auction work Barlow - a sculpture with an attractive estimate: 10 000 pounds.

auction of Contemporary Art Bonhams, maybe it's not very big, but it is clear that they did not go unnoticed even in the midst of rapid whirl of events Art Fair Frieze.

Prepared by Mary Estrova, AI

Source : artinvestment.ru