UK Contemporary Art sales day#3: frenzy bidding at Sotheby’s – 12 February 2014

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Contemporary art has triumphed last night at Sotheby’s in London, with a total of £ 87.9 million and sold rates of 82.5% by lot and 92.6% by value.
Astonishing figures from the firsts hammer blows: at Lot 1 Lucien Smith, American born in 1989, he scored his second highest price with Two sides of the same coin that from the estimate of £ 40-60000 reached £ 224,500. Christopher Wool also leaves behind the pre-auction estimates, with Untitled 2000 sold at £3362.500, followed by Wade Guyton that surpassed the million pounds for the second time in his history at auction.
Abstraktes Bild by Gerhard Richter at Lot 4 was one of the three works of the artist in the catalog, who took home a good result over £ 4 million. Italian names followed with Lucio Fontana, with three paintings sold in the estimates, and Alberto Burri with Rosso Plastica bought by David Nahmad at £ 3.6 million above the high estimate. Frenzy bidding for Rome by Cy Twombly, one of the larger examples of the 1964, which has reached £ 12.1 million from an estimate of £ 5.7 million. Great result for the Twombly at the end of the catalog, Lycian drawing (Niphidia), a work on paper of 1982 sold at £ 1.8 million.
Lot 12 was the top lot of the evening: Wand of 1994 by Richter rose to £ 17.4 million, the third highest price for the artist, coming from his personal collection. Afterwards, Frank Auerbach and Lucian Freud. The first has reached $ 1.8 million against a high estimate of £ 800,000 for the work of the 1971-72 Morning-Mornington Place; Freud’s Head on a green sofa a portrait of his dear friend Lady Belinda Lambton created in 1960-61, sold at £ 2.9 million.
Untitled by Jean-Michel Basquiat was purchased by Jose Mugrabi for £ 1.7 million from an estimate of £ 700-900.000, while Tenor of 1985 marked the fourth highest price of the evening at £ 4.3 million. Bronze Medal at Andy Warhol with Mao, sold at the phone at £ 7.5 million, appeared at auction in London in 2000 sold at £ 421.500.
Oscar Murillo has naturally doubled estimates, stopping to £ 146.500 for Work # 9 of size 3×2 meters. Growing interest in the paintings Pierre Soulages and Nicolas de Stael, both sold in the region of £ 400,000, while moving to Japan Kazuo Shiraga has achieved one of his best quotes with a painting of about 2×3 meters of 1992 sold at £ 1.2 million.
The last appointment tomorrow with the results of the last Evening sale of the week that will be closed by Christie’s.

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