London auction of contemporary art Sotheby's brought a 50 million pounds
Auction Results indicate the health of the market. In the center of attention - works by Gerhard Richter and Jean-Michel Basquiat
in London yesterday held auction of contemporary art Sotheby's, the auction house brought 50,688,450 pounds (79,672,106 dollars). The results exceeded initial expectations: an auction estimate was 34,5-48 million pounds (54,2-75,5 million dollars). Only six studies (9.5 percent or 5 percent of the lots in monetary terms) of the 63 lots found no buyers. Nine lots were sold for the sum of one million pounds, 21 - more expensive than a million dollars. It was established two records, they both belong to the German artists - Albert Hart (Albert Oehlen) and AR Foam (AR Penck).
lively auction led by auctioneer Tobias Meyer (Tobias Meyer) took place in a fairly rapid pace. The work of Andreas Gursky (Andreas Gursky) «James Bond Island I» (2007) (one of five copies) went Bone Montague (Bona Montagu) from the gallery Simon Dickinson (London) for 713,250 pounds ($ 1.1 million, estimate 300 - 400 000 pounds). "My clients are happy, - told the dealer that has managed to circumvent the five competitors. - This is truly a cult thing».
in demand post-war European classics: the work of Yves Klein (Yves Klein) « Ant 59 "(1960) was sold to a buyer, a seller on the phone, for 937,250 pounds ($ 1.5 million, estimate 450-650 thousand pounds). The last time the work appeared at London's Sotheby's auction in June 2009, which was sold for 457,250 pounds (751,314 dollars). For 32 months the price has doubled picture, which is certainly a sign of market recovery.
Another work of Klein, «F130», belongs to a series of his so-called "fire paintings", went to Zurich dealer Rastorferu Matthias (Mathias Rastorfer) of the Galerie Gmurzynska for 253,250 pounds (398,058 dollars, estimate 250-350 thousand pounds). "This is a great picture, but not great - commented presented at an auction of Klein dealer. - Of course, in the near future, the market should see a much better work of Klein».
interest of customers and caused Italian Alberto Burri works (Alberto Burri). His work "Black Plastic" (1965) Helly Nahmad bought the galleys for 2 million pounds ($ 3.2 million, estimate: 0.8-1.2 million pounds). For this work, fought four more customers - both seen and felt the market raskochegarit taste for good quality material.
Another abstraction Burri, the work of "Composition" (1952) was acquired by the Milan Gallery 481 Galeria Tega 250 pounds (756,429 dollars, estimate 400-500 thousand pounds). "I bought it for the customer - the dealer told Julie tag. - I have a feeling that we are witnessing around the world there is a lot of new customers. Europe is now subsided, more active U.S. and East Asia. " And indeed, according to figures released by the auction house, the auction was attended by buyers from 20 countries, including Asia.
They had plenty to choose from: the auction was attended by two of the Wu-Ki zao (Zao Wou-ki), one of which, entitled "28.12.99" (1999) and resembles a work of abstract expressionists, was sold to the buyer, call for 1.8 million pounds (2.9 million dollars, estimate: 500 - 700 000 pounds). Other work zao Wu-Ki of the same type, called "01/10/91" (1991), sold for 1.6 million pounds ($ 2.5 million, estimate 600-800 thousand pounds). The London prices of Chinese do not reach the Asian: in the October auction in Hong Kong, his work reached a record price of 8.8 million dollars.
zao VU-CI 10.01.91. 1991 Estimate: 600-800 thousand pounds Result: 1,609,250 pounds Source : Gerhard Richter Ice. 1981 estimate: 2.3 million pounds Result: 4,297,250 pounds Source: |
Bank broke, as is usually the case in recent years, a favorite of collectors, Gerhard Richter (Gerhard Richter), one of the most "money" living artists. At the auction was a half-dozen of his works, mostly abstract. Besides them were sold as it painted a picture for photo "Ice" in the spirit of Caspar-David Friedrich (Caspar David Friedrich), which cost the new owner of 4.3 million pounds (6.8 million dollars, estimate 2-3 million pounds). For a small job entered the fray, five buyers. Heats already "hot" market for Richter, of course, and a retrospective of the artist, which is now being shown in Berlin and Paris will carry after the . Another creation Richter - "Abstract Painting (768-4)" (1992) - was sold to another telephone buyer at the best price in the evening, with 4.9 million pounds ($ 7.6 million, estimate 3-4 million pounds). Results of Richter in one night the auction house brought 17.6 million pounds (27.7 million) - an excellent result, much exceeded the estimate of an upper threshold of 14.8 million pounds. "If I'm asked to name two artists who are most in demand by my clients, I say, Basquiat, and Richter, that's what today are choosing young collectors "- says the dealer Christophe Van de Vega (Christophe van de Weghe).
Art of Jean-Michel Basquiat was represented by three works at auction. Painting "Orange Athlete" (1982) - one of the first class of early works by the artist depicting a stylized smiling head and a flying baseball. She brought the auction house four million pounds (6.4 million). Previously, experts companies have found the artist's signature and date shown with the help of invisible ink in the lower right corner of the canvas.
the trades were exposed to two of Basquiat, including "The Tuxedo" in 1983 - one of the Ten copies of the major work done in the technique of silk screen printing and imprinted favorite words and expressions of the artist. work went with a double excess of estimate for 724,450 pounds ($ 1.1 million, estimate 250-350 thousand pounds).
Although the auction house has offered to buyers of that can compete with the bright canvas of Francis Bacon (Francis Bacon), which on Tuesday at Christie's auction earned 33.4 million dollars (this is still the most expensive lot of the coming season), the public presented another interesting wizard. Bacon painting "Man and the Monkey" (1951), which depicts a zoo visitor who tries to feed a rather fierce-looking monkey, was sold to the buyer, call for 1.8 million pounds (2.9 million dollars , estimate: 1.8-2.5 million pounds). Although this work Bacon quick "gimmick", but not a masterpiece, it nevertheless achieved better results than a small group of drawings Lusiena Freud (Lucian Freud).
One of the drawings, "Lord Goodman," which shows a close-up of the head lawyer of Freud (paper, coal, 1985), was sold to London dealer Matthew Green (Matthew Green) (gallery of Richard Green) for the 735 650 pounds ($ 1.2 million, estimate 400-600 thousand pounds). Performed by charcoal and pencil drawing "Head of Success II» (1983), which shows the head bridled race horse, was sold to the gallery Acquavella, which in recent years represented the deceased artist, for 253,250 pounds (398,058 dollars, estimate 100-150 thousand pounds). "The market continues to Freud's strong - it was the conclusion on the results of yesterday's sales gallery dealer Saville Row Pilar Ordovas (Pilar Ordovas), unsuccessfully fought for" Lord Goodman, "- but he was attentive to the quality, which is certainly a good sign».
Today the auction of contemporary art in London, the company will hold a Phillips de Pury.
Prepared by Mary Estrova, AI
Source : artinvestment.ru
Permanent link to:
https://artinvestment.ru/en/news/auctnews/20120216_sothebys.html
https://artinvestment.ru/news/auctnews/20120216_sothebys.html
© artinvestment.ru, 2025
Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.