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CHRISTIE'S SALE OF POST-WAR AND CONTEMPORARY ART TOTALS OVER 99 MILLION GBP
04 July 2014
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On 1 July 2014, Christie's London evening auction of
Post-War & Contemporary Art realised a total of £99,413,500 selling 87% by
value and 84% by lot.
Building on Christie's recent record breaking
successes, this evening auction realized 7 world record prices for the artistat auction including for Peter Doig, Tracey Emin and
Michelangelo Pistoletto among others.
Both Tracey Emin's ‘My Bed', which quadrupled its
pre-sale estimate, and the Roald Dahl Estate's ‘Study for the Head of Lucian
Freud' by Francis Bacon shared an intense personal quality which added hugely
to their interest and value.
This sale continued to show the growth of the Post-War
and Contemporary art market, attracting 190 bidders from 28
countries wanting only the highest quality work.
Building on the success of the record-breaking sale of
Francis Bacon's triptych of Lucian Freud, which sold for $142 million inNew York in November 2013 Francis Bacon's Study for Head
of Lucian Freud, 1967, achieved for £11,506,500 (estimate: in the region of
£8million - 12million).
In this painting, Bacon's rapid, impulsive brush marks
create an intimate and animated portrait. One of only two single portrait heads
of Lucian Freud, the present work has spent its entire life in the collection
of the celebrated writer Roald Dahl and subsequently in the collection of his
estate.
Peter Doig's extremely rare self-portrait, Gasthof,
2002-2004 realised £9,938,500 (estimate: £3million - 5million), achieving a
world record price for the artist at auction.
Using abstract processes and formal compositional devices
to create the dreamy atmosphere of the figurative scene, two mysterious
gatekeepers, costumed in nineteenth century regalia and modelled on a
photograph of Doig and his friend, are standing guard to an unknown place as
the silhouette of a single canoe drifts idly in the distant lake.
Considered to be a key transitional piece within the artist's body of work and completed at a moment when the artist was in Trinidad
and dreaming of Europe, it was unveiled at the critically acclaimed
exhibition Peter Doig – Metropolitan, at Pinakothek
der Moderne, Munich, in 2004. Gasthof was also featured in the artist's major
exhibition No Foreign Lands at the Scottish National Gallery, Edinburgh. A
related work is in the collection of The Art Institute of Chicago.
Tracey Emin's My Bed sold for £2,546,500 (estimate: 800,000-1,200,000)
achieving a world record price for the artist at auction. An iconic piece that
encapsulates Emin's work exploring the relationship between her life and her
art, My Bed caused a furore when it was shortlisted for the Tate's Turner Prize
in 1999, prompting public debate about the nature of contemporary art. This
solid result builds on Christie's recent success with Sensation generation
artists, including record prices for works by Jenny Saville and Gary Hume in
the February 2014 Evening Auction, and for a more recent work by Tracey Emin (To Meet My Past, 2002) in Christie's
October 2013 Thinking Big auction of sculpture from the Saatchi Gallery Collection.
Amanti, 1962-66 by Michelangelo Pistoletto fetched
£2,322,500 (estimate: £1million - 1.5million), achieving a world record price
for the artist at auction. Both romantic and enigmatic, this work invites the
viewer into a voyeuristic interaction with two unidentified young lovers locked
in a passionate embrace against a reflective stainless steel background.
Created at a time when Pistoletto was expanding his artistic activities into an
ever more interactive, open and communal direction, Amanti is both a charmingly
complex mirror painting and a potent symbol of its time, bringing the viewer into
the work as both a subject and a performer.
Le gai savoir, by Jean Dubuffet sold for £4,002,500 / (estimate:
£2.2million – 2.8million). Vast, exuberant and electrifying, this painting is
an outburst of pure joy that captures the intoxicating furor of the 1960s
Parisian heyday. With its two romantic lovers engaging in flirtatious fling,
the work was executed in 1963 and represents the birth of one of the very first
purely urban aesthetics, heralding the dawn of contemporary street art. As
chalk-like scrawl surges forth amidst a vibrant explosion of thick impasto and
schismatic gestural markings, mesmerizing optical depth emerges from a rich collision
of colour and texture.
Concetto spaziale, Attese, executed in 1965, by Lucio
Fontana realised £6,018,500 088 (estimate: £4million – 6million). Enveloping in
scale, this is a pure and lyrical example of Lucio Fontana's pioneering
Spatialist aesthetic. As one of the largest works to be carried out in pristine
white, Concetto spaziale, Attese is the only work conceived by the artist uniting
ten perfected cuts on canvas within a luminous lacquer frame. Each incision
follows the intuitive rhythm and graceful,almost balletic momentum of the artist's hand as it
scored the surface.
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On 1 July 2014, Christie's London evening auction of
Post-War & Contemporary Art realised a total of £99,413,500 selling 87% by
value and 84% by lot.
Building on Christie's recent record breaking
successes, this evening auction realized 7 world record prices for the artistat auction including for Peter Doig, Tracey Emin and
Michelangelo Pistoletto among others.
Both Tracey Emin's ‘My Bed', which quadrupled its
pre-sale estimate, and the Roald Dahl Estate's ‘Study for the Head of Lucian
Freud' by Francis Bacon shared an intense personal quality which added hugely
to their interest and value.
This sale continued to show the growth of the Post-War
and Contemporary art market, attracting 190 bidders from 28
countries wanting only the highest quality work.
Building on the success of the record-breaking sale of
Francis Bacon's triptych of Lucian Freud, which sold for $142 million inNew York in November 2013 Francis Bacon's Study for Head
of Lucian Freud, 1967, achieved for £11,506,500 (estimate: in the region of
£8million - 12million).
In this painting, Bacon's rapid, impulsive brush marks
create an intimate and animated portrait. One of only two single portrait heads
of Lucian Freud, the present work has spent its entire life in the collection
of the celebrated writer Roald Dahl and subsequently in the collection of his
estate.
Peter Doig's extremely rare self-portrait, Gasthof,
2002-2004 realised £9,938,500 (estimate: £3million - 5million), achieving a
world record price for the artist at auction.
Using abstract processes and formal compositional devices
to create the dreamy atmosphere of the figurative scene, two mysterious
gatekeepers, costumed in nineteenth century regalia and modelled on a
photograph of Doig and his friend, are standing guard to an unknown place as
the silhouette of a single canoe drifts idly in the distant lake.
Considered to be a key transitional piece within the artist's body of work and completed at a moment when the artist was in Trinidad
and dreaming of Europe, it was unveiled at the critically acclaimed
exhibition Peter Doig – Metropolitan, at Pinakothek
der Moderne, Munich, in 2004. Gasthof was also featured in the artist's major
exhibition No Foreign Lands at the Scottish National Gallery, Edinburgh. A
related work is in the collection of The Art Institute of Chicago.
Tracey Emin's My Bed sold for £2,546,500 (estimate: 800,000-1,200,000)
achieving a world record price for the artist at auction. An iconic piece that
encapsulates Emin's work exploring the relationship between her life and her
art, My Bed caused a furore when it was shortlisted for the Tate's Turner Prize
in 1999, prompting public debate about the nature of contemporary art. This
solid result builds on Christie's recent success with Sensation generation
artists, including record prices for works by Jenny Saville and Gary Hume in
the February 2014 Evening Auction, and for a more recent work by Tracey Emin (To Meet My Past, 2002) in Christie's
October 2013 Thinking Big auction of sculpture from the Saatchi Gallery Collection.
Amanti, 1962-66 by Michelangelo Pistoletto fetched
£2,322,500 (estimate: £1million - 1.5million), achieving a world record price
for the artist at auction. Both romantic and enigmatic, this work invites the
viewer into a voyeuristic interaction with two unidentified young lovers locked
in a passionate embrace against a reflective stainless steel background.
Created at a time when Pistoletto was expanding his artistic activities into an
ever more interactive, open and communal direction, Amanti is both a charmingly
complex mirror painting and a potent symbol of its time, bringing the viewer into
the work as both a subject and a performer.
Le gai savoir, by Jean Dubuffet sold for £4,002,500 / (estimate:
£2.2million – 2.8million). Vast, exuberant and electrifying, this painting is
an outburst of pure joy that captures the intoxicating furor of the 1960s
Parisian heyday. With its two romantic lovers engaging in flirtatious fling,
the work was executed in 1963 and represents the birth of one of the very first
purely urban aesthetics, heralding the dawn of contemporary street art. As
chalk-like scrawl surges forth amidst a vibrant explosion of thick impasto and
schismatic gestural markings, mesmerizing optical depth emerges from a rich collision
of colour and texture.
Concetto spaziale, Attese, executed in 1965, by Lucio
Fontana realised £6,018,500 088 (estimate: £4million – 6million). Enveloping in
scale, this is a pure and lyrical example of Lucio Fontana's pioneering
Spatialist aesthetic. As one of the largest works to be carried out in pristine
white, Concetto spaziale, Attese is the only work conceived by the artist uniting
ten perfected cuts on canvas within a luminous lacquer frame. Each incision
follows the intuitive rhythm and graceful,almost balletic momentum of the artist's hand as it
scored the surface.
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