Quantcast
Art Market News
 Warhol,Dave Stewart,Sotheby's Contemporary Art
Sotheby's Contemporary Art Sale Smashes Records - ArtLyst Article image

Sotheby's Contemporary Art Sale Smashes Records

30-06-2011
 
Bookmark and Share

The Contemporary Art Evening Sale at Sotheby's last night was the highest total ever achieved in London by a contemporary sale in history. £108,803,550 / $174,129,201 /€120,923,897 was sold, all pre-sale expectations were smashed (estimate: £74-105 million). Buyers from around the globe participated in the auction. Record sell-through rates of 89.8% by lot and 93.9% by value  establishing five new artist records. Twenty-nine works sold for over £1 million, and 45 lots sold for over $1 million.
Evening High-points included, Andy Warhol’s shocking pink acrylic and silkscreen on canvas of the lead singer Debbie Harry from Blondie sold for £3,737,250/$5,981,095/€4,153,567 (est. £3.5-5.5 million). Three works from the collection of Eurythmics legend Dave Stewart sold for a total of £1,851,750/$2,963,567 ahead of  the pre-sale low estimate of £1.3 million for 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).
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  Sigmar Polke, Eugen Schönebeck, Blinky Palermo,Markus Lüpertz and the popular Georg Baselitz.


Subscribe to our weekly newsletter

* indicates required

Email Format

View previous campaigns.

Artlyst Quiz
Advertise with Artlyst

TWITTER FEED

ICA
Canvas Bar
Camden Arts Centre
Art Below
Guardian Select
Button Advertise
Top 10 Exhibitions
Top 10 Emerging Exhibitions