Sotheby’s October Sale of Contemporary Art to be Headlined by Gursky and Warhol

LONDON.- Sotheby’s Contemporary Art evening auction on Friday, 15 October, 2010, which coincides with the Frieze Art Fair in London, will present for sale 40 artworks that are estimated to realise in excess of £10 million. In addition to the outstanding pieces by leading artists such as Lucian Freud and Frank Auerbach in the auction from the Collection of Jerry Hall, the world-famous American supermodel and actress, the sale will also feature important works by established artists such as Andy [...]

Frank Auerbach Painting of His Lover Makes 860,000 Pounds at Bonhams

LONDON.- An important painting by the British painter Frank Auerbach of his long-term lover, Estella Olive West, entitled Head of E.O.W. III, 1961, sold yesterday (30 June) for a remarkable £860,000 at Bonhams, New Bond Street, as part of its 20th Century British Art sale. The sale fetched an impressive £2.8 million in total. The painting, which has never appeared at auction before, had been expected to fetch £400,000 – 600,000. Estella, a widowed amateur actress, was Auerbach’s lover for [...]

Sotheby’s Contemporary Art Auction Realises $62 Million-Within Pre-Sale Expectations

LONDON.- This evening, Sotheby’s Contemporary Art Evening Auction realised the solid total of £41,091,800 ($61,806,176/€50,111,626) – within pre-sale expectations (est: £38,330,000- 52,830,000). This represents the third highest total for a Summer Sale of Contemporary Art at Sotheby’s London and is a 60% increase on the equivalent sale last year. The sale established sell-through rates of 83% by lot and 87.3% by value, and saw 45.4% of the sold lots achieve prices in excess of their pre-sale high estimates. Commenting on [...]