• Menü
    Stay
Schnellsuche

Sotheby’s London

Momentum continues as Sotheby’s Frieze Sales Conclude

Sotheby’s London

LONDON, 9 SEPTEMBER 2016: Frieze week ended on a sustained high today, as Sotheby’s Day Sale of Contemporary Art concluded with an over-estimate total of £12,252,625 / $19,240,297 / €17,223,587, bringing this week’s series of Frieze auctions to a close. Following a day of spirited bidding, the auction was:
·         86.7% sold by lot - the highest sell-through rate for any Contemporary Art Day sale at Sotheby’s London for seven years (since June 2009).
·         65% of lots sold made prices above their high pre-sale estimates
·         45% of lots sold more than doubled their pre-sale low estimates

This result follows last night’s Evening Sales of Contemporary and Italian Art, which saw works by Gerhard Richter and Jean-Michel Basquiat soar over their pre-sale auction estimates to reach prices in excess of £10 million. [Please see the press release attached for further information]. The appetite for works by Richter was evident again today, as all four works by the artist offered surpassed their pre-sale high estimates (lots 101, 240, 242, 243).

Asian private collectors acquired six of the top ten most valuable works sold  today, including the star lot: Yayoi Kusama’s “Pumpkin AHT” from 1991. From the artist’s celebrated Infinity series, the painting sold for £653,000 / $1.02m / €917,926, four times the pre-sale estimate of £150,000-200,000.

An auction record was also set for one of Britain’s best-loved artists, Grayson Perry. His glazed earthenware pot “Punters in the Snow”, from 1999, made £112,500 / $176,659 / €158,142 (est. £25,000-35,000).

Framed Waterfall, from Rosemarie Trockel’s influential Wool series, tripled its pre-sale auction estimate to realise £593,000 / $931,188 / €833,584, among the five highest prices ever seen at auction for the artist (est. £200,000-300,000). Confrontational in its simplicity, Framed Waterfall consists of a woollen material stretched over a monumental plain square canvas.

·         From her most significant series, Sturtevant’s “Warhol Gold Marilyn” from 2004 was driven to £401,000 / $629,690 / €563,688, a result that now places the work in the top 5 auction prices for the artist (est. £250,000-350,000).
·         Untitled (to Anette Borgmann) by Dan Flavin, a pioneer of light art. Having remained in the same collection for nearly 30 years, the outstanding wall piece sold today for £239,000 / $375,302 / €335,964 (est. £70,000-100,000).
·         Inspired by the Old Masters, Michaël Borremans 2006 canvas, The Swan, soared to £401,000 / $629,690 / €563,688 (est. £180,00-250,000). This follows exceptional results for Borremans seen at Sotheby’s in recent years: the auction record for the artist was broken consecutively in our Frieze sales in 2014 and 2015.

Combined estimate for all three sales: £50.6-70.4m / $65.3-90.9m / €58.2-81m.








Neue Kunst Nachrichten
Historic Princess Diana Ball
Princess Diana’s Famous “Infanta”-Style...
DIE TEFAF VERGIBT DEN TEFAF
DIE TEFAF VERGIBT DEN TEFAF MUSEUM RESTORATION FUND 2023 AN...
Skulpturenanstrich im Dessau-
Dank einer THS und einer großzügigen Einzelspende12.500 Euro...
Meistgelesen in Nachrichten
DIE TEFAF VERGIBT  

DIE TEFAF VERGIBT DEN TEFAF MUSEUM RESTORATION

Von Kornbauern und  

Jubiläumsauktionen Teil IV vom 26. bis 30. November 2007

2. KunstNacht „  

Im Mittelpunkt unserer Kunstnacht am 2. Februar 2008 steht

  • LONDON, 9 SEPTEMBER 2016: Frieze week ended
    LONDON, 9 SEPTEMBER 2016: Frieze week ended
    Sotheby’s Auktionshaus