UK Contemporary Art sales day#1: tepid start with Phillips evening sale – 10 February 2014

20140211-143358.jpgWeak beginning at Phillips for its Evening sale of Contemporary Art last night. The London firm has reached 78% of lots sold with a total of £10.4 million, slightly above the minimum pre-sale estimate.
An artist’s record opened the auction at Lot 1 with Fredrik Vaerslev with Untitled (Frieze Garden Painting # 02), a Norwegian artist born in 1979 exhibited at Gio Marconi gallery in Milan last fall, sold at £ 48.750. The next lot Lucien Smith , from an estimate of £ 40-60.000 flew to £ 194.500 with the work Feet in the Water, 2012, while lot 5 Dan Colen went unsold, probably not one of his best examples. Other records at lot 6 Nate Lowman with Marilyn Untitled # 13 sold for £ 530.500, a work from the series ‘Trash Landing’ inspired by the iconography of Marlin Monroe shaping his style.
At lot 8 silver medal of the evening to Christopher Wool, with a large work of 2005 beat over the high estimate at £ 1,314,500. Great result for the German artist Rosemarie Trockel with a work of 1987 estimated £60-80.000, sold at 116.500 pounds, of which Nicolò Cardi was one of the underbidders.
Top lot of the evening Abstraktes Bild 776-1 (Abstract Painting) by Gerhard Richter, sold at £1.9 million, just above the minimum estimate, while One Multicolored Marilyn (Reversal Series) by Andy Warhol went well above the maximum estimate to 1 million pounds, won by Marco Voena of the gallery Robilant + Voena.
Michelangelo Pistoletto marks one of his best results, among the top five, with Uomo con gli stivali al telefono sold for £614.500.
Two works by Banksy for lots numbers 25 and 26 that have exceeded the estimates: the sculpture Happy Shopper, 2009, sold at £ 506.500 and Rembrandt, 2009, £ 398.500. The Barbadian artist Ashley Bickerton has doubled the high estimate with the work Bismarck Archipelago Shark, 2002, while the star of the moment Oscar Murillo stopped at 98.500 pounds from an estimate of £ 80,000. An artist’s record also closed the catalog with lot 35 Mark Flood, Pink Summer Day, 2009, that from an estimate of £ 20-30.000 reached £ 80.500.

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