The Contemporary art evening auction at Sotheby’s on July 1 is set to be the most valuable sale of its kind ever staged in Europe. The sale features masterpieces by the greatest names in contemporary art including Francis Bacon, Andy Warhol, Lucien Freud, Gerhard Richter and David Hockney. The pre-sale estimate if £143.2-204.6 million.
Sotheby’s announced today that the Impressionist and Modern art sales series at Sotheby’s in London this week achieved a combined total of £207.8 million, an increase of almost 40% on last years equivalent sales. There was a 10% increase in participation and global reach went up by almost 20%. Here are some of the upcoming contemporary lots.
UPDATE: The auction realised £130,376,500.
David Hockney
ARRANGED FELLED TREES
Estimate: £1,500,000 — 2,000,000 UPDATE: THIS SOLD FOR £3.4 MILLION
Gerhard Richter
A B, BRICK TOWER
signed, dated 1987 (£12-16 million) UPDATE: THIS SOLD FOR £14,149,000