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AVERAGE RESULTS FOR CHRISTIE'S POSTWAR AND CONTEMPORARY ART SALE IN LONDON
17 October 2014
Catégorie : MARKET
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Despite a gloomy atmosphere on the Stock market, Christie's sale of postwar and contemporay art held in London on October 16, 2014 fared relatively well after reaping 40.3 million GBP with 41 lots out of 46 sold.
Coinciding with the Frieze Fair, the sale mainly concentrated on contemporary art pieces which produced some interest among bidders notably for British artist Peter Doig's "The Heart of San Juan" (1999) sold for 4.6 million GBP (premium included) against an estimate of 4 to 6 million or Jean-Michel Basquiat's "Love Dub for A" with a score of 4.3 million, just under its low estimate.. Gerhard Richter's 1969 photo painting, Waldstück (Chile) (Forest Piece (Chile) sold for 4.5 million GBP (estimate: 3–5 million) while a colour photo titeld "Fiktion" (Garten)(1973) went for 2.2 million GBP (estimate: 1.5–2 million) well above his early photo-painting, Haus (1964), which sold below its £900,000 low estimate to reach 962,500 GBP. Also by Richter, a 1981 abstract sold below its estimate of 1.1–1.6 million GBP while Anselm Kiefer's Lasst Tausend Blumen Blühen! (Let a Thousand Flowers Bloom) (1999) went for an Asian bidder for 1,2 million GBP, well under the record price of 1,8 million it fetched in 2007. Martin Kippenberger's Falsches Zeichen der Lord Jim Loge (False Sign of the Lord Jim Loge) (1985) sold for 302,500 GBP to the same Asian Bidder while another Asian buyer won for 1 million GBP Georg Baselitz's 1968 fractured painting, Ein Zerrissener Hund, Aufwärts (A Fractured Dog, Upwards), against a 600,000–800,000 estimate. Another Baselitz upside-down painting of 1982 titled "Orangenesser (Orange Eater)" sold for 1.1 million GBP while Tracey Emin's appliqué blanket titled "Mad Tracey from Margate. Everyone's been there" fetched a record 733,500 GBP, however below its low estimate. Rachel Whiteread's Untitled (Twenty-Five Spaces) (1994–95), made of 25 resin casts of the space beneath as many chairs sold for a record 578,500 GBP against a 300,000-400,000 estimate. Meanwhile, Untitled (2011) an eight-foot high abstract painting by U.S artist Joe Bradley went for a record of 986,500 GBP against a 300,000-500,000 estimate. "The Grand Cause" (2006) by Toby Ziegler sold for a record 98,500 GBP, twice its low estimate, "Alignment " 10 (2013), a geometric abstract work with wool, cotton, hand-woven fibers and acrylic on canvas by Canadian artist Brent Wadden went for a record 74,500 GBP, three times over its low estimate, while Wade Guyton's Untitled, a 2006 Epson UltraChrome inkjet on linen work sold for for 1.2 million GBP.
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Despite a gloomy atmosphere on the Stock market, Christie's sale of postwar and contemporay art held in London on October 16, 2014 fared relatively well after reaping 40.3 million GBP with 41 lots out of 46 sold.
Coinciding with the Frieze Fair, the sale mainly concentrated on contemporary art pieces which produced some interest among bidders notably for British artist Peter Doig's "The Heart of San Juan" (1999) sold for 4.6 million GBP (premium included) against an estimate of 4 to 6 million or Jean-Michel Basquiat's "Love Dub for A" with a score of 4.3 million, just under its low estimate.. Gerhard Richter's 1969 photo painting, Waldstück (Chile) (Forest Piece (Chile) sold for 4.5 million GBP (estimate: 3–5 million) while a colour photo titeld "Fiktion" (Garten)(1973) went for 2.2 million GBP (estimate: 1.5–2 million) well above his early photo-painting, Haus (1964), which sold below its £900,000 low estimate to reach 962,500 GBP. Also by Richter, a 1981 abstract sold below its estimate of 1.1–1.6 million GBP while Anselm Kiefer's Lasst Tausend Blumen Blühen! (Let a Thousand Flowers Bloom) (1999) went for an Asian bidder for 1,2 million GBP, well under the record price of 1,8 million it fetched in 2007. Martin Kippenberger's Falsches Zeichen der Lord Jim Loge (False Sign of the Lord Jim Loge) (1985) sold for 302,500 GBP to the same Asian Bidder while another Asian buyer won for 1 million GBP Georg Baselitz's 1968 fractured painting, Ein Zerrissener Hund, Aufwärts (A Fractured Dog, Upwards), against a 600,000–800,000 estimate. Another Baselitz upside-down painting of 1982 titled "Orangenesser (Orange Eater)" sold for 1.1 million GBP while Tracey Emin's appliqué blanket titled "Mad Tracey from Margate. Everyone's been there" fetched a record 733,500 GBP, however below its low estimate. Rachel Whiteread's Untitled (Twenty-Five Spaces) (1994–95), made of 25 resin casts of the space beneath as many chairs sold for a record 578,500 GBP against a 300,000-400,000 estimate. Meanwhile, Untitled (2011) an eight-foot high abstract painting by U.S artist Joe Bradley went for a record of 986,500 GBP against a 300,000-500,000 estimate. "The Grand Cause" (2006) by Toby Ziegler sold for a record 98,500 GBP, twice its low estimate, "Alignment " 10 (2013), a geometric abstract work with wool, cotton, hand-woven fibers and acrylic on canvas by Canadian artist Brent Wadden went for a record 74,500 GBP, three times over its low estimate, while Wade Guyton's Untitled, a 2006 Epson UltraChrome inkjet on linen work sold for for 1.2 million GBP.
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