Christie’s, Sotheby’s and Phillips in London

The acquisition for the London evening auctions has been a bigger challenge since Brexit, the geopolitical situation has made it even more difficult. However, trust in the market is likely to have the sales at the auctions of modern and contemporary art this week.

The “The Art of the Surreal Evening Sale” contributed 48 million. 94 percent of all lots were sold, 43 percent of them above their upper taxis. Four works of art had been withdrawn, 32 out of 73 lots secured on offer with guarantees. 34 percent of all lots went to America, 13 percent to Asian-Pacific. European collectors were particularly active. In the context of the expectationotheby’s, 34 loose sold in the “Modern & Contemporary Evening Auction” recorded 62.5 million pounds. Three loose (Gerhard Richter, Albert Oehlen and Joseph Yaeger) had been withdrawn in advance, four remained unsuccessful. The expectation for originally 41 works was at £ 50.5 to 74 million. Phillips’ “Modern & Contemporary Art Evening Sale” implemented £ 15 million with 29 loose sold. Here the surrealistic scene “The Adoption of the Maiden” (Taxe £ 20,000 to 30,000 pounds) of the young Chinese painter Ding Shilun rose to 90,000 pounds. Basquiat’s “Pattya” (2/3 million), once owned Andy Warhol, got stuck at 1.35 million. Around Joan Mitchells Triptychon, “Canada II” (3/5 million), three telephone bidders competed before the hammer fell at 2.2 million. At Sotheby’s a painting by the South African painter Lisa Brice, who lives in London, of which significant works do not often appear on the secondary market. Six bidders competed around “after Embah” (1/1.5 million) with provocative women dancing in a bar. At 4.4 million pounds it went to a telephone bidder from America. At Phillips: Three bidders competed for “Canada II” by Joan Mitchell, until the hammer fell at £ 2.2 million. Phillipsdas topless, Yoshitomo Naras “Cosmic Eyes (in the Milky Lake)” (6/8 million), reached 7.45 million. Banksy’s painting “Crude Oil (Vettriano)” (3/5 million) was already affected by an online bidder at 3.5 million who can also pay in cryptocurrency. The work is an adaptation of the “The Singing Butler” painting, which the artist Jack Vettriano, who died last Saturday, painted in 1992. Sotheby’s sold Vettrianos Original 2004 for £ 744,800 with the money. The competitor Christie’s sold the most expensive lot of the auction week with René Magritte’s “La Reconnaissance Infinie” (6/9 million) at the hammer price of 8.7 million. However, three works by his Belgian colleague Paul Delvaux were particularly popular. In the catalog, a “London private collection” was cited as a provenance, “The Art Newspaper” names the Belgian hotelier Bruno Brasselle as the supplier. The most expensive among them, “La Ville Endormi” (1.2/1.8 million), rose to 5.1 million. All three were arranged on the phone of a Christie’s specialist stationed in Hong Kong. Could also be paid for this work in cryptocurrency: Banksys painting “Crude Oil” from 2005, awarded 3.5 million pounds at Sotheby’sstara de Lempickas portrait of her sponsor, “Portrait du Docteur Boucard” (5/8 million) Looked over in the hall, rose to 5.5 million. For Egon Schiele’s remaining paper work “Boy in sailor suit” (1/1.5 million) fell at 2.7 million of the hammer – bids also came from Taiwan. Franz Marc’s “Cats, Red and White” from the Heins collection went to the guarantor for the lower tax of four million. Christian Schad’s “Portrait Eva von Arnheim” (800,000/1.2 million) from the Mugrabi collection remained unsuccessful. A small exquisite work on paper from Wassily Kandinsky, “Black Accompaniment” (700,000/1 million), was also courted by dealers and rose to £ 1.8 million. Among the contemporaries, Michael Andrews’ “School IV: Barracuda Under Skipjack Tuna” achieved an auction record for the upper tax of five million pounds. A painting by painters Sanya Kantarovsky, who was born in Moscow in 1982, “The House of the Spider” (70,000/100,000), with a typical dark humor, showed that there is still an appetite for young arts. It went on the phone for £ 230,000.

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