Contemporary art stars returned in London starting from Sotheby’s – June 30th, 2014

image001The first Evening sale of Contemporary Art bring home important results at Sotheby’s London for the big names in the postwar period. From Francis Bacon, in the catalog with a triptych of his lover George Dyer, sold over the estimates at £ 26.6 million and setting a new record for the paintings of this size for the artist. New Record for Peter Doig with the work Country-rock (wing-mirrors), remained in the same collection since 1999, the year of creation, sold at £ 8.4 million. Among other records, Adrian Ghenie with The Fake Rothko,2010, sold at £ 1.4 million based on an estimate of £ 250-350000.
The auction as a whole has reached £ 93 million, well above pre-sale expectations of £ 67.9 million, with only 8 of 58 works unsold and above the result of a year ago by 17%.
The stars of the contemporary maintain a stable market, with Warhol’s Dollar Sign (Yellow), 1981, sold at the maximum estimate at £ 4 million, and Nine Multicolored Marilyns (Reversal Series) of 1979-86, sold at £ 4.5 million, as well as Gerhard Richter at auction with Abstraktes Bild (845-3), 1997, exhibited at the Venice Biennale in the same year, sold atthe higher estimate £ 2.5 million.
On the Italian front, Nicolò Cardi went to London to gain the Achrome by Piero Manzoni 1959-60 for £ 554.500, a Concetto Spaziale by Lucio Fontana, 1966 in White at £ 902.500 and a work of the 70s by Michelangelo Pistoletto for £ 422.500.

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