Auction of Contemporary Art Sotheby's: a brief summary
ARTinvestment.RU   27 июня 2013

Last season in this auction evening sale of postwar and contemporary art Sotheby's ended with a score of 75.8 million pounds. Traded for the work of Bacon, Gursky and Fountains

Latest in this auction season evening sale of postwar and contemporary art Sotheby's in London ended with the result of 75.8 million pounds (total estimate 66,1-94,6 million pounds). With the hammer took 78%of the lots (53 of 68). For evening auction Sotheby's and Christie's usual care for more than 80%of the lots, but a decrease in the percentage of sales can be attributed to too high a concentration of big events in the past two months - that the May auction of contemporary art in New York, and the Venice Biennale, and fair Art Basel. As noted in an interview with Bloomberg American dealer David horny at all surprising that the works bought at such good prices, considering how long was the season. Although worthwhile things will always be in demand.

For example, a triptych by Francis Bacon's "Three Sketches Rostorn Isabelle" (1966) found a buyer in the person of Alex Corcoran of the Lefevre Gallery in London for 11.3 million pounds (estimate 10-15 million pounds). This is one of the five triptychs with Rostorn written by Bacon in 1965-1968. Another work of Bacon - "Head III» (1949) - went to the new owner for 10.4 million pounds, while the estimate 5-7 million pounds. This work was exhibited at the artist's first solo exhibition in Hanover Gallery in 1949.

series of five photographs stock exchanges around the Andreas Gursky was completely sold out. According to Bloomberg, selling photos of Tokyo, Hong Kong, Chicago and Kuwait Stock Exchanges Greg Coffey, a former deputy director for investments in the European branch of Moore Capital Management LLC. Dealers say that this series of five photographs Gursky made in 1990-2009, Coffey previously suggested galleries take to implement fully, but failed. Yesterday they were sold separately, and all the pictures get the phone to customers. The most expensive was a photograph "Chicago Board of Trade III» (1999-2009), which was sold for 2.2 million pounds (estimate 600-800 thousand pounds).

Work Italian Lucio Fontana " Spatial Concept, the churches of Venice "in 1961 (4.6 million pounds), inspired by the view of Venice with a bird's-eye view and a gilded ceiling of the Basilica of San Marco, went within estimate for 4.45 million pounds. A two-part panorama of East Yorkshire from David Hockney slightly exceeded the estimate 2-3 million pounds and was sold for 3.44 million pounds.

Prepared by Mary Onuchina, AI

Sources: bloomberg.com , press release Sotheby's, artinvestment.ru