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News
93 MILLION GBP FOR SOTHEBY'S SALE OF CONTEMPORARY ART IN LONDON
01 July 2014 Catégorie : MARKET
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A rare triptych picturing Francis Bacon's lover
George Dyer sold for £26.7 million at Sotheby's on June 30, 2014 during a
contemporary art evening auction which also set new world records for Peter Doig and Adrian
Ghenie.
The sale totalled £93,147,500, well over its £68
million presale estimate and even last year's total results of £75,778,500
(which included 10 more lots) 86.4 percent lots sold and
95.6 percent by value.
Eight lots did not sell, including pieces by Jeff
Wall, Anish Kapoor and Cy Twombly while a majority of the other lots stayed
within estimates.
Sotheby's thought it would sell Doig's Country-rock
(wing-mirror)at over 9 million GBP
but the work went only for 7,5 million, still enough to establish a new World record beating the
$11,925,000 paid for Road House (1991) at Christie's New York
last May.
Bacon's Three Studies for Portrait of George Dyer sold
for 23,750,000 GBP, well above its high
estimate of £20 million but far away from the 142 million USD fetched at
Christie's last November or the 42 million GBP recorded by the same group last
February for his Portrait of George Dyer Talking
After becoming one of the Bacon's lovers, Dyer
was his favourite model even after he killed himself the night before the
opening of the artist's Grand Palais retrospective in Paris in1972.
Representing Peter Lacy, another nude lover, Bacon's Study
for Portrait of P.L., No. 1 (1957)
sold for 4,450,00 GBP. It was last seen at
auction in 1987, where it was bought for $858,000 (equivalent to today's
$1,732,444.86).
A new
record was set for British artist Frank Auerbach with
his Primrose
Hill (1968)
selling for 2,322,500 GBP. It had been sold for a mere 274,050 GBP at Christies in 2003.
The most
surprising result was for Adrian Ghenie, the Romanian painter based in Cluj
whose 2010 painting titled The
Fake Rothko went for 1,426,000 GBP against a high
estimate of 350,000.
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A rare triptych picturing Francis Bacon's lover
George Dyer sold for £26.7 million at Sotheby's on June 30, 2014 during a
contemporary art evening auction which also set new world records for Peter Doig and Adrian
Ghenie.
The sale totalled £93,147,500, well over its £68
million presale estimate and even last year's total results of £75,778,500
(which included 10 more lots) 86.4 percent lots sold and
95.6 percent by value.
Eight lots did not sell, including pieces by Jeff
Wall, Anish Kapoor and Cy Twombly while a majority of the other lots stayed
within estimates.
Sotheby's thought it would sell Doig's Country-rock
(wing-mirror)at over 9 million GBP
but the work went only for 7,5 million, still enough to establish a new World record beating the
$11,925,000 paid for Road House (1991) at Christie's New York
last May.
Bacon's Three Studies for Portrait of George Dyer sold
for 23,750,000 GBP, well above its high
estimate of £20 million but far away from the 142 million USD fetched at
Christie's last November or the 42 million GBP recorded by the same group last
February for his Portrait of George Dyer Talking
After becoming one of the Bacon's lovers, Dyer
was his favourite model even after he killed himself the night before the
opening of the artist's Grand Palais retrospective in Paris in1972.
Representing Peter Lacy, another nude lover, Bacon's Study
for Portrait of P.L., No. 1 (1957)
sold for 4,450,00 GBP. It was last seen at
auction in 1987, where it was bought for $858,000 (equivalent to today's
$1,732,444.86).
A new
record was set for British artist Frank Auerbach with
his Primrose
Hill (1968)
selling for 2,322,500 GBP. It had been sold for a mere 274,050 GBP at Christies in 2003.
The most
surprising result was for Adrian Ghenie, the Romanian painter based in Cluj
whose 2010 painting titled The
Fake Rothko went for 1,426,000 GBP against a high
estimate of 350,000.
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