The First Art Newspaper on the Net Established in 1996 United States Saturday, August 30, 2014


Sotheby's Contemporary Art Sale brings £74.4m/$116.4m- 2nd highest total for a February auction in London
Three artists record established: For Adrian Ghenie, Hurvin Anderson and Guiseppe Penone. Photo: Sotheby's.
LONDON.- Tonight, Sotheby’s London Contemporary Art Evening Auction brought the strong total of £74,364,200/ $116,357,664/ €86,321,943, within pre-sale expectations (estimate: £61.2-84.5 million), representing Sotheby’s second-highest total for a February Sale of Contemporary Art in London.

The top lot of the evening’s sale was Francis Bacon’s 1980 oil on canvas triptych masterwork Three Studies for a Self-Portrait, which sold for £13,761,250 / $21,532,228 / €15,974,055 against an estimate of £10-15 million. Executed in the artist’s eighth decade at the age of 71 it belongs to a corpus of 11 triptych self-portraits in Bacon’s standard 14by12 inch format. The work was acquired by a German collector Jürgen Hall who will generously loan the work to a major international institution.

Commenting on the results achieved, Sotheby’s Chairman of Contemporary Art Europe, Cheyenne Westphal, said: “Tonight we witnessed healthy buying activity from across the globe, including from Europe, Asia, the US, the CIS and the rest of the world. This, combined with the depth of bidding on many lots resulted in a total comfortably within estimate and representing Sotheby’s second-highest for a February Sale of Contemporary Art in London. This market is demonstrably buoyant, both at the top end for blue-chip classics – such as Francis Bacon, Gerhard Richter and Jean-Michel Basquiat – as well as the lower end for well selected works by desirable young artists, including Hurvin Anderson and Andrian Ghenie. We are also delighted to announce that the Bacon Triptych was acquired by a German collector, Jürgen Hall who will generously loan the masterwork to a major international institution.”

The auction established a strong sell-through rate of 81% by lot, and saw three artist records set, for Adrian Ghenie, Hurvin Anderson - highlighting the demand for contemporary art by the younger generation - and Giuseppe Penone. Buyers from 14 countries participated in the auction, which also witnessed 14 works sell for over £1 million, and 20 lots sell for over $1 million.

A further strong price for Francis Bacon in tonight’s sale was for the artist’s 1976 oil on canvas Study for Portrait, which was only recently discovered and sold for a price of £4,521,250 / $7,074,400 / €5,248,266 - double its pre-sale estimate of £1.8-2.5 million.

Continuing to demonstrate the demand for Gerhard Richter, two works achieved strong prices: Abstraktes Bild (769-1) of 1992, sold for £8,161,250/ $12,769,908/ €9,473,577 (est. £7.5-9.5 million) and the artist’s photorealist masterpiece Wolke (Cloud) of1976, sold for £7,601,250/ $11,893,676/ €8,823,529 (est. £7-9 million).

Untitled (Pecho/Oreja) by Jean-Michel Basquiat brought £6,817,250 / $10,666,951 /€7,913,462 (est. £7-9 million).

A group of works from a Private Swedish Collection that opened the sale, comprising six lots by Alexander Calder, Tom Wesselmann and Josef Albers, brought a combined total of £3,668,300/ $5,739,789/ €4,258,162 against a pre-sale estimate of £1.63–2.25 million.



Today's News

February 13, 2013

The McNay Art Museum presents Real/Surreal featuring paintings from The Whitney Museum

Sotheby's Contemporary Art Sale brings £74.4m/$116.4m- 2nd highest total for a February auction in London

Rarotonga pole club leads art of the South Seas Auction at Bonhams in San Francisco

Discovering the Civil War, landmark exhibition from Washington D.C.'s National Archives

Exhibition featuring over seventy-five artists examines works made or exhibited in New York City 20 years ago

Kate Fowle is new Chief Curator for Garage Center for Contemporary Culture in Moscow

Crystal Bridges Museum of American Art announces leadership realignment to support strategic plan

Michael Hoppen Contemporary opens exhibition of Michael Eastman's Havana series

Up, up and away: Oscar Wilde's poem 'Les Ballons' for sale at Bonhams in London

The Hyde Collection announces appointment of Charles A. Guerin as new Director

Bonhams appoint Jennifer Gibson Head of Fine Furniture, Decorative Arts and Asian Art in Australia

George Washington's farewell address on exhibit at New York State Museum in Albany

Bonhams New York to offer Mel Ramos' iconic 1960s super-villain The Trickster

Cincinnati Art Museum Chief Curator James Crump resigns

Moody Foundation awards $20 million to Rice University for new Center for the Arts

Mixed Greens opens installation by Stacey Watson viewable through a peephole

Renaud Proch announced as Independent Curators International Executive Director

Smithsonian Books releases graphic novel-style biography of Charles Darwin

The Rose Art Museum opens exhibitions by Walead Beshty and Sam Jury

Talking sex in Vancouver: Museum of Vancouver tackles taboo subject by exploring its cultural history

Most Popular Last Seven Days



1.- Neanderthals and humans were both living in Europe for between 2,600 and 5,400 years

2.- First major exhibition to explore the historical legacy of African cultural astronomy opens at LACMA

3.- Carlo Mollino's idealized vision of the female form in new book published by Damiani/Crump

4.- Tate Britain displays works by Frank Auerbach from the collection of Lucian Freud

5.- In grave robber territory, locals abuzz over Alexander-era tomb; Largest of its kind ever discovered in Greece

6.- Lambert Collection opens an ambitious project housed at the Sainte-Anne Prison

7.- Centre for Contemporary Art Singapore announces the first 18 artists in the CCA Residencies progamme

8.- Historic Kings Theatre is transformed into major New York Performing Arts venue

9.- Thirteen's American Masters Series co-produces new documentary about photographer Dorothea Lange

10.- Sotheby's New York to offer 548 Edward Weston photographs as a single lot this September



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site