Art Investment

Sotheby's: new records in New York

Best auction results showed works of Bacon, Lichtenstein, Twombly, and others

Francis Bacon
writer man, reflected in a mirror. 1976
Source: artinfo.com

Company Sotheby's May 9 justified the highest expectations , earned at the auction of contemporary and postwar art in New York, 266.6 million dollars. As many as three paintings at these auctions to overcome the 30 millionth milestone. The amount of revenue more than double last May earned 128.1 million, helped by more than 32 million results from 46 lots.

established five personal records. Among the champions were two top lots of the auction: a scary work of Francis Bacon (Francis Bacon) «Writing a man, as reflected in the mirror" in 1976, and pleasing to the eye the work of Roy Lichtenstein (Roy Lichtenstein) «The Sleeping Girl" in 1964. Both paintings, previously estimated at 30-40 million dollars each, were sold to customers, traded on the phone for the same price - 44,882,500 dollars. Both studies started with a quote in 22 million for each of them struggled for about five people, and the rate very quickly began to grow in increments of a million: so it went in both cases to the level of 37 million dollars, when buyers have cooled somewhat, and began to increase Slow down the cost - only $ 500 thousand.

winning author was Bacon rates at the head of one division of Sotheby's Charlie Moffet (Charlie Moffet), who, on behalf of the client was also the winner of the battle for the world record by Edvard Munch (Edward Munch) last week . One of the unsuccessful applicants for the dealer, David Bacon was namadi (David Nahmad), was first seen in the struggle for the work of legendary Irishman.

work by Roy Lichtenstein broke the previous record for the artist, set painting, "I see the whole room! In it there is no one "in 1961, which last November was sold for 43.2 million at auction in New York Christie's (estimate 35-45 million). Enlarged portrait of dormant blonde was in the collection of Phil Gersh, and BEA (Phil and Bea Gersh) since 1964 - since the days of shopping in the famous Ferus Gallery. The picture then went to Mrs. Hersch just a thousand dollars.

Another work Liechtenstein, larger than the previous one, "Boat III» 1976, attracted five buyers and eventually earned 11,842,500 dollars (estimate 6-8 million). The last time it was sold to the New York auction at Christie's in May 1998 for 2,205,750 dollars. Its current price is reflecting the general state of health of the market bursting.

Another major success of the evening was the sale of Andy Warhol (Andy Warhol) «Double Elvis" in 1963: it is, thanks to New York Magrabi dealer Jose (Jose Mugrabi), sets the tone for Warhol's market, the auction house brought 37,042,500 dollars (estimate 30-50 million).

Job Wizard perpetual sensation Damien Hirst (Damien Hirst ) "The Awakening" - 2007 composition of butterflies, brought modest by the standards of trading 1,650,500 dollars.

Cy Twombly work (Cy Twombly) «Untitled (New York)" 1970 year bought for 17,442,500 dollars (estimate 15-20 million), was thus set aside the result of the artist's previous record, set at Christie's last May, when the work "Untitled" 1967 was sold for 15.2 million.

Not surprisingly, the work of Gerhard Richter (Gerhard Richter) also continued to attract the interest of buyers, "abstract painting" in the red-yellow-green colors in 1992 earned 16,882,500 dollars (estimate 8-10 million dollars).

Gallery L & M has acquired a red Alexander Calder mobile (Alexander Calder) «Sumy VI» (1952) of 5,906,500 dollars (estimate: 2.5-3.5 million) .

Another work by Francis Bacon - "Study for a Portrait" in 1978 - was acquired by New York collectors Donald Bryant (Donald Bryant) of 4,282,500 dollars (estimate 4-6 million .) The last time the work was sold in February 2008 to 2,036,500 pounds (4,047,098 dollars).

Although Christie's, and Sotheby's, seems to have moved together more modern works on the trading day , was at yesterday's auction a few exceptions, including the work of Glenn Ligon (Glenn Ligon) «Black, I, № 1", which set a record by earning 1,314,500 dollars (estimate 600-800 thousand dollars).

been unjustly deprived, and a number of lots attention - for example, an early, rare work (Arshile Gorky) «Horka" (ca. 1938) sold to the dealer from New York to 2.7705 million dollars (estimate 3-4 million). "The people chasing fashion, not for better things - says Jack Tilton (Jack Tilton), acquired the painting - like the early works of Gorky, not so much».

Today, modern auction Arts Company will hold a Phillips de Pury & Co.

Prepared by Mary Estrova, AI

Source : artinvestment.ru


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