Christie’s Contemporary Art Evening sale brings in £31,978,500 ($55,642,590) with 26 of the 42 lots sold or 62% sell-through. Many works sold below the low estimates as Christie’s and their consignors adapted to the new price structure. Richard Prince’s Dude Ranch Nurse #2 went for $5.5 million. Not bad considering it changed hands for $2.5 million last May. The Freud portrait of Bacon sold; the Bacon portrait of Henrietta Moraes did not. The Fontana sold for $9 million but it was announced that a bidder with a financial interest in the picture would be participating. There was only one bid.
Fontana, Freud Pictures Sell in UK Art Market Test (Bloomberg)
