Art Investment

Basquiat work, Richter and Doig yesterday helped Christie's earn 82 million pounds

Of these Basquiat brought 9.3 million pounds, Richter - 8.4 million, and Peter Doig - a record 7.6 million pounds at the evening auction of postwar and contemporary art Christie's

in London yesterday evening sale of postwar and contemporary art auction house held Christie's. The total result was 81.7 million pounds - a little more than a competitor Sotheby's, earned the day before 74 4 million pounds . But lots at Christie's was more of the 72 works offered buyers found 65 (90%). This is the best overall result for trading postwar and contemporary art Christie's, traditionally held each February at the London site of the auction house.

Jean-Michel Basquiat
Guard Museum (Broadway crash).
1983 Acrylic on canvas, oil pastels, collage of paper. 213.4 x 213,4
Christie's. 13/02/2013. Lot 30
Estimate: 7-9 million pounds
Result: 9.3 million pounds
Source: christies.com

top lot of yesterday's trading was a two-meter work of Jean-Michel Basquiat "Protection of the museum (the collapse of Broadway)" (estimate 7-9 million pounds). This painting was exhibited in 1983 under the Biennial Whitney Museum of American Art, and has been shown in the last solo exhibition Basquiat at Gagosian Gallery in Los Angeles and at a recent retrospective of the artist in the Beyeler Foundation in Basel. Canvas with collage elements and numerous inscriptions went for 9.3 million pounds (14.6 million dollars), a Parisian collector John Saeg-Belchatovski, won the competition with two phone buyers. Not long ago, "Protection of the museum ..." was at the center of litigation between the English aristocrat Edward Spencer-Churchill and art dealers, which is why in May 2012, it had to be removed from the auction. Today, however, the dispute settled, and the work of Basquiat found a new owner. For Saeg-Belchatovski litigation do not matter, the main thing - this is the beauty of the work itself.

GERHARD Gerhard Richter
Abstract painting 889-14. 2004
canvas. 225 x 200
Christie's. 13/02/2013. Lot 28
Estimate on request
Result: 8.44 million pounds
Source: christies.com

« Abstract pattern 889-14 "(2004) by Gerhard Richter in color, technique and mood in harmony with its abstractions of the early 1990s - for example, a series of" Bach "of four paintings, now in the collection of the Museum of Modern Art in Stockholm. However, there is something close later, in 2006, a series devoted to composer John Cage. Yesterday at Christie's for the painting with closed estimeytom fought two clients on the phone. Fresh to the auction market the product purchased for 8.4 million pounds.

PITER PETER Doig
Architect house in the hollow. 1991
canvas. 200 x 250
Christie's. 13/02/2013. Lot 9
Estimate: 4-6 million pounds
Result: 7.65 million pounds
Source: christies.com

The work of Peter Doig 1991 "Architect house in the hollow" (estimate 4-6 million pounds), once belonged to the collection of Charles Saatchi, set a new personal record for the artist's works - 7.65 million pounds. Doig landscape, which depicts a peep through the trees house Canadian architect Eberhard Zidler, appeared at public auction three times. In 2002, it was auctioned off for 314.65 thousand pounds to the already mentioned Charles Saatchi. In 2007, the landscape of the house was sold already for $ 3.6 million. And now the price in the auction fight four contenders rose to 7.65 million pounds (11.97 million dollars). According to Bloomberg, Peter Doig is now in the top thirty most commercially successful contemporary artists, and his Canadian landscapes of the 1990s enjoyed unprecedented demand.

work of Francis Bacon's "Man in Blue VI» was sold telephone buyer for £ 5 million - just within the estimate of 4-6 million pounds. A vivid example of existential portrait of the postwar era, "Men in Blue VI» was written in March - June 1954, at a time when the work of Bacon's art represented the UK in the 27th Venice Biennale. Three works from the series to date are included in major museum collections in Rotterdam, Vienna and Düsseldorf. Put up for auction yesterday portrait not changed owners since 1971. In February 2009, he attempted to re-sell, and also at Christie's, but then during the crisis gloomy canvas Bacon has not found a buyer.

Francis Bacon
Man in Blue VI.
1954 Oil on canvas. 152,7 x 116,8
Christie's. 13.02.2013.
Lot 15 Estimate: 4-6 million pounds
Result: 5,000,000 pounds
Source: christies.com
David Hockney
Pyramid of Giza and the head of the statue of Thebes.
1963 Oil on canvas. 183 x 183
Christie's. 13.02.2013.
Lot 12 Estimate: 2,5-3,5 million pounds
Result: 3.5 million pounds
Source: christies.com

picture "Pyramid of Giza and the head of the statue from Thebes," written by 26-year-old David Hockney inspired by a trip to Egypt, has reached the upper estimate 3 , 5 million pounds ($ 5.5 million). Operation not leave the English private collection for over 40 years and was put up for auction for the first time. This is the second best auction price for a work Hockney. record yet retains sale of "Housewives of Beverly Hills" in 2009 at Christie's for 7.9 million dollars.

work of Damien Hirst's "Away from the herd (in section)," is a raspolovinennuyu sheep in formaldehyde, has found a buyer for 1.9 million pounds ($ 3 million). Total Hirst created four versions of this work through a series of "Natural History", but only submitted draft is divided into two halves. previous owner acquired the work in May 2006 for $ 3.4 million.

Top 10 auction items Christie's
«postwar and contemporary art»
London, February 13, 2013


№ item

Description

Estimate, million pounds

result, millions of pounds

Buyer

30

Jean-Michel Basquiat Guard Museum (Broadway crash.) 1983

7-9

9,33

buyer from Europe

28

Gerhard Richter Abstract painting 889-14. 2004

on request

8,44

private buyer

9

Peter Doig Architect house in Dingle. 1991
world auction record

4-6

7,66

buyer from Europe

15

Francis Bacon A man in a blue VI . 1954

4-6

4,97

anonymous buyer

23

Lucio Fontana The spatial concept. Waiting. 1964

1,8-2,5

3,96

buyer from Europe

12

David Hockney Great Pyramid of Giza and the head of the statue of Thebes. 1963

2,5-3,5

3,51

buyer from Europe

46

Pierre Soulages Painting 202 x 156 cm, 27 March 1961. 1961
world auction record

0,5-0,7

3,29

buyer from Europe

4

Christopher Wool Mad Cow. 1997

0,7-0,9

2 28

buyer from Europe

33

Allen Jones table, chair, hanger. 1969

1,5-2

2,17

art dealer from Europe

17

Damien Hirst away from the herd (in section). 1995

1,8-2,5

1,95

buyer from Europe

Source: artinvestment.ru


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