Gerhard Richter’s Iceberg led a stellar auction of Contemporary Art at Sotheby’s in London last night. It sold for £17.7 million in an auction which realised £118 million. In a record breaking night for post war German art there was a new record for George Baselitz when Mit Roter Fahne (With Red Flag), 1965 sold for £7.5 million. The 15 works by German artists totalled £48.1 million.
Jean-Michel Basquiat’s seminal ‘Untitled (One Eyed Man or Xerox Face)’, 1983, sold for £12 million. When the painting previously appeared at auction in 1987, it sold for $23,100. Christopher Wool’s untitled 2007 work from his sought-after Grey Paintings series of enamel works, sold at double the estimate for £7.1 million. Between two lights by Sean Scully sold for £800,750 over a top estimate of £650,000.
It was an auction where 57 works sold of 61 lots offered and 75% of lots had never been offered at auction before. There was a 35% increase in the number of sale participants compared to the equivalent auction last year, with participants from 43 countries.
(See posts on antiquesandartireland.com for February 3, 14, and 21 2017)