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  • Posts Tagged ‘NAMA’

    CHRISTIE’S TO SELL 14 PAINTINGS FROM QUINLAN COLLECTION ON BEHALF OF NAMA

    Monday, September 19th, 2011

    Andy Warhol Dollar Sign ($400,000-600,000) to be sold in New York on November 9. UPDATE: THIS MADE $782,500.

    A total of 14 paintings formerly owned by the Irish developer Derek Quinlan – including works by Warhol, William Scott and Paul Henry –  are to be sold by Christie’s in London and New York on behalf of NAMA, the National Asset Management Agency.  Proceeds will be used to pay some of Mr. Quinlan’s debts, which have been taken over by NAMA.

    Christie’s announced today that 14 works of art from a Private Collection will be offered from a NAMA debtor “who has co-operated in the disposal”. The most valuable of the works is Dollar Sign by Andy Warhol which will be sold at the Post-War and Contemporary Art auction  in New York on November 9.  It is estimated at $400,000-600,000.  Two other works will be offered in New York, Ace Airport by Alex Katz ($150,000-200,000) and Arches Cover by Robert Motherwell ($60,000-80,000).  UPDATE: Ace Airport was unsold. and Arches Cover made $74,500.

    The remaining eleven works will be offered at Christie’s

    In Connemara by Paul Henry (£70,000-100,000) to be sold in London on November 17.

    sale of 20th Century British and Irish Art on November 17 in London.  They are:  Still life variation 2 by William Scott (£200,000-300,000);  Côte de la Mer, Bretagne by Roderic O’Conor  (£150,000- 250,000); Man doing accounts by Jack Butler Yeats (£120,000-180,000);  In Connemara by Paul Henry (£70,000-100,000);  Still life with candle by William Scott (£60,000-80,000); Sailor Home from Sea by Jack Butler Yeats (£60,000-80,000);  Gateway 4 by Ivon Hitchens (£60,000-80,000); Avington Water No. 1 by Ivon Hitchens (£50,000-80,000); A Quiet Read by Roderic O’Connor (£40,000-60,000); Tinkers Picking Whitethorn by Louis le Brocquy (£40,000-60,000) and Woman by Louis le Brocquy (£40,000 to £60,000).

     

    UPDATE: THE FOLLOWING RESULTS WERE ACHIEVED;

    Still life variation 2 by William Scott (£200,000-300,000) - sold for £385,250
    
    Man doing accounts by Jack Butler Yeats (£120,000-180,000) - sold for £183,650
    
    In Connemara by Paul Henry (£70,000-100,000) - sold for £109,250
    
    Still life with candle by William Scott (£60,000-80,000) - this was unsold.
    
    Sailor Home from Sea by Jack Butler Yeats (£60,000-80,000) - sold for £73,250
    
    Gateway 4 by Ivon Hitchens (£60,000-80,000)   -  sold for £169,250
    
    Avington Water No. 1 by Ivon Hitchens (£50,000-80,000) - sold for £157,250
    
    A Quiet Read by Roderic O’Connor (£40,000-60,000  - sold for £43,250
    
    Tinkers Picking Whitethorn by Louis le Brocquy (£40,000-60,000)  - this was unsold.
    
    Woman by Louis le Brocquy (£40,000 to £60,000) - this was unsold.
    Cote de la Mer, Bretagne by Roderic O'Conor (£150,000- 250,000) -  this was unsold.