Art Investment

Portrait by Francis Bacon for $ 25 million at Sotheby's

Top lot of upcoming autumn sale is a portrait "Untitled (Pope)" brush Francis Bacon. The work appears in the November 13 auction

FRANCIS BACON Untitled (Pope)
Around 1954
Sotheby's. 13.11.2012
Estimate: 18-25 million dollars
Source: reuters.com

Inveterate competitors art market Shristie's and Sotheby's are preparing for another round of fighting in the auction autumn auction of Impressionist and Modern, contemporary and postwar art. Titans of the art market are trying to outdo each other announcements about the top lots of the upcoming auction.

Christie's, for example, acquired for sale in the November auctions in New York, " Sketch for Improvisation № 8 "Kandinsky (20-30 million), Portrait of Marlon Brando in the performance of Andy Warhol (about $ 20 million) and work " Untitled "1981 by Jean-Michel Basquiat (about 20 million dollars).

Sotheby's boasts such top lots, as dripping Jackson Pollock «№ 4, 1951» (25-35 million dollars), the red-blue abstraction « No. 1 "by Mark Rothko brush (35-50 million dollars) and a portrait of Marie-Therese Walter " Woman in the Window "by Pablo Picasso (15-20 million dollars).

And that's not all. Recently it was reported that at a Sotheby's auction on November 13 will be painting by Francis Bacon for 18-25 million dollars. It is reported by Reuters. The painting "Untitled (Pope)" refers to a series of portraits of popes, extremely popular among fans of Bacon. The product was last changed owners in 1975: 71.5 per thousand dollars it bought a collector who did not want to disclose his name. Since the purchase now, he never exhibited. It seems that the owner decided to take advantage of the right time to sell it: Francis Bacon market is on the rise (Portrait of Henrietta Moraes naked, for example, in February, was sold for $ 34 million).

Prepared Maria Onuchina, AI

Sources : reuters.com , artinvestment.ru


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