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Sotheby's Establishes Highest Total for Any Sale of Contemporary Art Ever in London
The Duerckheim Collection, the greatest offering of German Art of the 1960s and 1970s ever to come to market, realised £60,401,650 /$96,666,801 / €67,130,189 – almost doubling the low estimate of £31.8-45.9 million. Photo: Sotheby's.
LONDON.- This evening, Sotheby’s London Contemporary Art Evening Sale brought the extraordinary total of £108,803,550 / $174,129,201 /€120,923,897 – in excess of pre-sale expectations (estimate: £74-105 million) and establishing the highest total ever achieved for any sale of Contemporary Art in London. Buyers from 14 countries participated in the auction, which achieved remarkable sell-through rates of 89.8% by lot and 93.9% by value and established five new artist records. Twenty-nine works sold for over £1 million, and 45 lots sold for over $1 million.

The Duerckheim Collection - the greatest offering of German Art of the 1960s and 1970s ever to come to market - realised £60,401,650 / $96,666,801 / €67,130,189, almost doubling the low estimate of £31.8-45.9 million, with almost every lot contested by multiple bidders. A further 25 lots from the collection will be offered in tomorrow’s Contemporary Art Day Sale.

The top-selling lot of the sale was Francis Bacon’s Crouching Nude from 1961 which has never before been offered at auction and achieved £8,329,250/$13,330,132/€9,257,100 within estimate (est. £7-9 million), and the second-highest price established tonight was for an early and authoritative Jean-Michel Basquiat painting, Untitled, which brought £5,417,250/$8,669,767/€6,020,713 (est. £5-7 million).

The five new artists records established tonight were for Blinky Palermo, Sigmar Polke, Eugen Schönebeck, Markus Lüpertz and Georg Baselitz.

Andy Warhol’s electric pink acrylic and silkscreen ink on canvas of Blondie’s lead singer Debbie Harry – the only major painting of renowned lead singer of the new wave and punk rock band ever to come to auction – sold for £3,737,250/$5,981,095/€4,153,567 (est. £3.5-5.5 million).

A group of three works from the collection of Eurythmics legend Dave Stewart realised the combined total of £1,851,750/$2,963,567 – surpassing the pre-sale low estimate of £1.3 million for all seven works in the collection. The group was headlined by the sale of Damien Hirst’s early spot painting Dantrolene (Being God for Dave) which sold for the above-estimate total of £1,105,250/$1,768,842/€1,228,371 (est. £600,000-800,000). The two further works from Stewart’s collection were Damien Hirst’s 1992 Acridine which brought £601,250/$962,240/€668,227 (est. £400,000-600,000) and Mouth by Gilbert and George which sold for £145,250/$232,485/€161,430 (est. £150,000-200,000).



Today's News

June 30, 2011

Sotheby's Establishes Highest Total for Any Sale of Contemporary Art Ever in London

Cheim & Read Celebrate Their 15th Anniversary with Group Exhibition of Women Artists

Tony Shafrazi Gallery Exhibits Revolutionary Film Posters from the Era of Russian Constructivism

The Whitney Presents Lyonel Feininger's Most Complete Retrospective to Date

Anja Kirschner and David Panos Open the Staatsgalerie Stuttgart's Archives for Exhibition

Important Turkish Shield Fetches £210,000 at Thomas Del Mar Ltd.'s Arms & Armour Auction

Catharina Manchanda Hired as Seattle Art Museum's New Curator for Modern and Contemporary Art

Sotheby's 'Artists for Serpentine Sale' Doubles Pre-Sale Estimate; Raises $7,313,991

Royal Ontario Museum's Newest Galleries Bring Ancient Empires Back to Life

Dramatic Images by Two of France's Most Original Artists on View at the Museum of Fine Arts, Boston

Walter and Brigitte Kames Donate Lithographs by Honoré Daumier to Museum in Munich

FLAG Art Foundation Opens Exhibition of Sculpture and Photography by Roni Horn

Abstract Expressionism and Its Discontents at Pennsylvania Academy of the Fine Arts

'Ai Weiwei: New York Photographs' Exhibition Opens at the Asia Society Museum

Mother India at Metropolitan Museum Features Depictions of the Goddess in Indian Painting

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Sir Terence Conran Makes Major Gift to the Design Museum for New Development Project

Charismatic Art Historian James Fox Explores British Masters for New Series on BBC

Significant New Acquisitions to Tate's Collection on View at Tate Britain's Galleries

Recent Paintings and Sculptures by Takashi Murakami at Gagosian in London

Harun Farocki: Images of War (at a Distance) Marks the Artist's First Solo Exhibition in a U.S. Museum

British Creative Force and Renegade Artist Launches Her Neon Artwork

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