Sotheby's raises a 'healthy' £74 million at contemporary art auction
Wednesday 13 February 2013
It was a "healthy" night of sales at Sotheby's yesterday evening as a contemporary art auction brought in more than £74 million - the auction house's second-highest total for a February sale of contemporary art in London.
A grand total of £74,364,200 was brought in after the sale of paintings by the likes of Andy Warhol, Mark Rothko and Francis Bacon.
The top lot of the evening's sale was Francis Bacon's oil on canvas triptych masterwork Three Studies For A Self-Portrait, which sold for £13,761,250 against an estimate of £10-15 million.
The work dates from 1980, when the artist was 71.
It was painted nine years after the suicide of Bacon's partner, George Dyer, and demonstrates the artist's self-analysis.
An anonymous telephone buyer fought off competition from two other bidders to buy the artwork.
The oil on canvas piece belongs to a set of 11 triptych self-portraits in Bacon's particular format of 14 by 12 inches.
Cheyenne Westphal, chairman of European contemporary art at Sotheby's, said: "Tonight we witnessed healthy buying activity from across the globe, including from Europe, Asia, the US, the CIS and the rest of the world.
"This, combined with the depth of bidding on many lots resulted in a total comfortably within estimate and representing Sotheby's second-highest for a February sale of contemporary art in London.
"This market is demonstrably buoyant, both at the top end for blue-chip classics - such as Francis Bacon, Gerhard Richter and Jean-Michel Basquiat - as well as the lower end for well selected works by desirable young artists, including Hurvin Anderson and Andrian Ghenie.
"We are also delighted to announce that the Bacon Triptych was acquired by a German collector, J|rgen Hall who will generously loan the masterwork to a major international institution."
Buyers from 14 countries participated in the auction, which also saw 14 works sell for over £1 million.
Andy Warhol's Lenin sold for £2,169,250, while Mark Rothko's Untitled sold for £2,561,250.
All prices include buyer's premium.
Glastonbury Roger Daltrey and Pete Townshend will perform with Paul Weller as their warm-up act
Arts & Ents blogs
- 1 Katie Hopkins gives rare glimpse of sensitive side with heartfelt open letter to her children penned in case she dies from epilepsy
- 2 Rihanna's Met Gala dress took one Chinese woman 2 years to make, was reduced to omelette meme in 2 seconds
- 3 Top Gear: Jodie Kidd, Philip Glenister and Guy Martin 'in advanced talks' to replace Jeremy Clarkson and co
- 4 Women think Irish men are the sexiest, survey finds
- 5 Florida couple forced to register as sex offenders for having sex on public beach
Penny Dreadful, series 2 episode 1, review: It is still gloriously silly
Top Gear: Jodie Kidd, Philip Glenister and Guy Martin 'in advanced talks' to replace Jeremy Clarkson and co
Eurovision 2015: What date and time is the song contest and who are the favourites to win?
Indiana Jones sequel confirmed by Lucasfilm - but will Harrison Ford return to the franchise?
How the Other Half Eat, Channel 4 - TV review: Swapping food trolleys shows how food and class are closely connected
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils