ArtListings > News > Archive > Second Highest Price Paid for a Work of Art at Christie's Post-War and Contemporary Sale

Second Highest Price Paid for a Work of Art at Christie's Post-War and Contemporary Sale

04 July '11 by the editors | Source: www.artdaily.com

LONDON - A painting by Irish-born artist Francis Bacon sold for 18.0 million pounds ($28.7 million) on Tuesday, the second highest price paid for a work of art at a Christie's post-war and contemporary auction in London.

"Study for a Portrait," depicting a besuited man seated on a gilded armchair enshrouded in a sea of blue, had been expected to fetch around 11 million pounds, although the sale price includes a buyer's premium which the estimate does not.

The most expensive work of art sold at an equivalent sale at Christie's, London, was also by Bacon -- his "Triptych" raised 26.3 million pounds in 2008.

Executed in 1953, between Bacon's famous Pope series that year and his Man in Blue paintings of 1954, "Study for a Portrait" has never come to auction before.

Rodrigo Moynihan, who lent Bacon a studio, was the first owner. It later belonged to Louis Le Brocquy, the renowned Irish painter, who was the last to keep it before its acquisition by the present owner in 1984.

Elsewhere at the auction, "Woman Smiling" (1958-59), a landmark portrait by Lucian Freud, sold for 4.7 million pounds.

The only single portrait of Suzy Boyt, the woman who was to mother four of the artist's children, was last sold at auction in 1973 when it realized 5,040 pounds.

A large scale portrait of Chairman Mao by Andy Warhol dated 1973 fetched 7.0 million, in line with expectations.

Overall the auction raised 78.8 million pounds. Rival auction house Sotheby's holds its equivalent sale on Wednesday during a key few weeks for the art market, which has rebounded strongly from the slump of 2009.


Read entire article...


More news

LONDON - Forty-four out of 46 artworks offered in Sotheby’s Contemporary Art Day Sale, generously donated by some of the world’s leading contemporary artists in aid of the Serpentine Gallery’s new space, the Serpentine Sackler Gallery, were today sold for an exceptional total of £4,545,675 / $7,313,991 – more than double the pre-sale low estimate of £2.2 million for the offering. The Serpentine Sackler Gallery will open in 2012 in Kensington Gardens and is a stone’s throw from the Serpentine Gallery.
04 July '11
www.artdaily.com


LONDON - Gagosian Gallery presents recent paintings and sculptures by Takashi Murakami.
04 July '11
www.artdaily.com


TORONTO.- On Friday, July 1, 2011, the Royal Ontario Museum (ROM) opens a suite of new permanent galleries, reintroducing its visitors to the ancient civilizations of Rome, Byzantium and Nubia.
04 July '11
www.artdaily.com


PHOENIX, AZ - Phoenix Art Museum is the first Museum in the country to host Modern Mexican Painting from the Andres Blaistén Collection, a remarkable exhibition of post-revolution Mexican works drawn from one of the premiere private collections of 20th century Mexican art.
04 July '11
www.artdaily.com


MADRID - Featuring more than 100 works, the exhibition Rome: Nature and the Ideal. Landscapes 1600-1650 will be exhibited at the Museo del Prado after its showing at the Grand Palais in Paris. The exhibition project is one of the most ambitious to be undertaken by the Prado, which has worked closely with the Musée du Louvre
04 July '11
www.artdaily.com


BEVERLY HILLS, CA - Gagosian Gallery presents an exhibition of recent photographs by Roe Ethridge.
04 July '11
www.artdaily.com


HOUSTON, TX - An exhibit of works by world-renowned fashion photographer Helmut Newton opening Sunday in Houston includes all of the photographs from his first three books.
04 July '11
www.artdaily.com


AMSTERDAM - Although it is well known that the famous French impressionist painter Edgar Degas (1834-1917) was inspired by Rembrandt, the forthcoming exhibition is the first actually devoted to Rembrandt’s influence on Degas.
03 July '11


For those who don't have time to comb through the 600-page-plus catalogue of the Van Gogh Museum's new exhibition, "Van Gogh in Antwerp and Paris: New Perspectives," the institution recently announced its curators' most noteworthy conclusions.
01 July '11


What a difference a year makes. After the controversy of last year's London International Fine Art Fair, this year the 38th Olympia International Fine Art and Antiques Fair (June 9-19) made a concerted attempt to go back to its roots, reverting to the old name and notably without the involvement of David Lester.
27 June '11


An eerie painting of Christ holding a glass orb in one hand and making a benediction with the other, all the while leveling an otherworldly stare at the viewer, has been authenticated as a long-lost Leonardo da Vinci portrait, putting it "up there with any artistic discovery of the last 100 years," according to ARTnews.
30 June '11


An attempt to have the Mona Lisa return from France for a temporary visit to Italy has been dismissed by gallery chiefs.
29 June '11


The mood at Christie’s post-war and contemporary sale hints at a healthier market, with Bacon’s portrait study making £18m.
28 June '11


Sotheby’s (BID), the world’s largest publicly traded auction company, said it will take a charge of about $4.3 million in 2011 as it cuts staff in Italy and the Netherlands.
30 June '11


ANGKOR - It has taken half a century, but archaeologists in Cambodia have finally completed the restoration of an ancient Angkor temple, described as the world's largest three-dimensional puzzle.
01 July '11
www.scmp.com


Demand for art, watches, rare wines, vintage cars and other offbeat investments that set pulses racing expanded in 2010 as wealth levels of the world's super-rich rebounded from the financial crisis, a report said.
23 June '11


LONDON - Portraits of three different lovers of 20th century master Pablo Picasso fetched the three highest prices at a London auction at Christie's on Tuesday, the first in a key series of art sales over the coming weeks.
22 June '11


DELFT - You don't have to be in Delft long to see what inspired Johannes Vermeer.
23 June '11


Follow ArtListings
New on ArtListings
Latest art news
Art & Antiques Fairs