Art Investment

The auction of contemporary art Sotheby's offered 69 million pounds

auction of postwar and contemporary art Sotheby's, the last in London yesterday, brought 69 million pounds (total estimate amounted to 57-82 million pounds). That's 40 million less than last year's similar results of the June auction Sotheby's. Of the 79 lots offered yesterday found new owners of 69 (87%). According to a press release of the auction house, 8%of the lots were purchased by customers, newcomers.

the highest price paid for the work "Warrior" (1982) Jean-Michel Basquiat: the assessment of 5 -7,000,000 pounds Lot went to a telephone buyer only 50,000 pounds more expensive than the lower estimate (taking into account the result of the auction house commission was 5.6 million pounds). It was one of the six lots of the auction with a guaranteed rate of a third party. The former owner of the painting Basquiat bought it for 2.8 million pounds in 2007, ie for 5 years it has risen almost twice.


Jean-Michel Basquiat Warrior. 1982
Sotheby's. 26.06.2012
Estimate: 5-7 million pounds
results: 5.6 million pounds
Source:
Francis Bacon to a self-portrait sketch. 1980
Sotheby's. 26.06.2012
Estimate: 5-7 million pounds
Result: 5.2 million pounds
Source:

«Sketch for a Self-Portrait" by Francis Bacon in 1980 Estimé 5.7 million pounds was bought by a single party to claim it for 4, 5 million pounds (5.2 million, taking into account the commission). The last time this sketch changed owner in 2001: then it cost the buyer $ 1.8 million. today at Christie's should have a another "self-portrait sketch to the" Bacon with an estimate of 15-20 million pounds . It depicts the artist himself in full length - true with the body of another Lusiena Freud .

Participants in yesterday's auction, without much fuss attitude to fashion thong today Gerhardt Richter. Photorealistic painting in 1967, "Philodendron" left without a buyer at the lower estimeyte 800,000 pounds; landscape "Jerusalem" in 1995 was sold for 4.2 million within the estimate 3-5 million; black and white abstraction "Untitled" earned 2.8 million pounds (estimate: 2.5-3.5 million).

Inspired by the passing of Tate Modern retrospective of Damien Hirst owners of rare early works by the artist decided to take a risk and put them up for auction. The Cabinet of "My Way" (1990-1991) for the 1.2 million was not sold, but a colorful picture of «Jolly» (from the series «Visual Candy» 1992-1995 period) went twice as expensive as the estimate - for 601,000 pounds.


GLENN BROWN The tragic transformation of Salvador Dali (by John Martin.) 1998
Sotheby's. 26.06.2012
Estimate: 2.2-2.8 million pounds
Result: 5.2 million pounds
Source:

Hot Battle rates between the six telephone customers for the landscape was played by Glenn Brown's "tragic transformation of Salvador Dali (as John Martin)." This is a monumental three-meter canvas 1998 combines elements of science fiction and apocalyptic landscape painters of the Victorian era, the most prominent of whom was John Martin (1789 - 1854). work, estimated at 2.2-2.8 million pounds, was sold for 5, 2 million pounds. This is almost three times the previous record price Brown: Up to yesterday, the most expensive painting was considered his work "The Dirt" in 2004 - in 2011 it was sold for $ 2.5 million.

Prepared by Mary Onuchina , AI

Sources : artdaily.com , artinvestment.ru


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