Art Investment

My bed Tracy Emin was sold for $ 4.3 million

Famous installation by British artist-Tomboy is, perhaps, the top five most favorite targets for the detractors and critics of contemporary art. Along with "shark in formaldehyde" by Damien Hirst and "perefotografirovat magazine advertisements" Richard Prince the work of Tracey Emin "My bed" is often used by them as a clear illustration of Finland and worthlessness. They say, watch this: unmade bed show, ripped tights, butts, Yes empty bottles — this is all your modern art? People experienced is able to lead a dozen compelling counterarguments. But none of them will not be as convincing as the amount is paid yesterday at Christie’s.

$ 4.3 million is 16 times more than I paid for this thing the former owner Charles Saatchi far in 2000-m to year. The record for the creation of a 50-year-old artist. Itself Tracey Emin was present in the courtroom during the auction and were applausing transition work to the new owner (yet unknown).

the Market works by Tracey Emin has known periods of rapid growth and rapid decline. The 2008 crisis has not spared the first names of contemporary art, then the price index of the artist fell by almost half (like many). But since 2010, growth has resumed and is still ongoing. According to statistics, artprice, a conditional $ 100 invested in the works of Emin in the beginning of 2010, has become so far in 128 dollarov@

Previous auction high for her works was 770 thousand dollars. He, too, was set at Christie's, but in the past year. And this, too, was a bed — installation "Meet the past" 2002 goda@

Work Tracey Emin is quite liquid and is often put up for auction. Available segment presents the lottery drawing, which is sold in the range of 500-5000 dollars (sometimes even $ 200). The most recognizable neon sculpture-phrase (one of these is in the collection of Damien Hirst) are sold in the range of 30-150 thousand dollarov@


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