Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Saatchi & Meyer, Successful Sellers

October 17, 2009 by Marion Maneker

The Art Newspaper did some bid spotting yesterday and came away with this intel from Christie’s strong sale:

While Christies’ pared-down sale offered only 25 post-war and contemporary works, this proved a success, making £11.21m, well in excess of presale expectations of £6.78m-£9.49m, with only one work remaining unsold. “The auction house did a very good job in keeping estimates down. That’s key in today’s market,” commented New York dealer Christophe Van de Weghe.”

The star turn and top price was Paris Bar, 1991, estimated at £800,000-£1.2m, which triggered a fierce bidding war between German collector Ingrid Goetz, New York dealers Jeffrey Deitch and Tony Shafrazi and three telephones. It made £2.28m, going to a phone bidder.

Meanwhile, at Sotheby’s, a local boy made good:

The highlight was Chris Ofili’s show-stopping Afro Apparition, 2002-03, which went to Iranian collector Fatima Maleki for £577,250 (est £280,000-£350,000).

Damien Hirst’s Two Skulls, 2006, the back cover of Sotheby’s catalogue, sold to New York trader Alberto Mugrabi for £433,250 (est £220,000-£280,000). According to trade sources, the work had been consigned for sale by Tobias Meyer, Sotheby’s worldwide head of contemporary art.

Auction Report: Post-war and Contemporary Art (The Art Newspaper)

More from Art Market Monitor

  • Christie's Imp/Mod Evening ResultsChristie's Imp/Mod Evening Results
  • Rohayton's MasteryRohayton's Mastery
  • Christie’s Has $25m Stella Black PaintingChristie’s Has $25m Stella Black Painting
  • Study Finds Too Many Arts Orgs; Too Few in AudienceStudy Finds Too Many Arts Orgs; Too Few in Audience
  • What’s Abbey House Up To?What’s Abbey House Up To?
  • Mood of the MomentMood of the Moment

Filed Under: Auction Results

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Following Legal Dispute, Restituted Pissarro Recovered From Toll Collection To Sell at Auction
  • British Modernists Draw Deep Bidding in Christie's $42 M. London Sales
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Bonnie Brennan and Jennifer Zatorski Rise at Christie’s
  • French Impressionist Art from Lanvin Family Holdings to Sell at Sotheby’s Auction
  • Tony Podesta's Secret Art Buying
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Vienna Secession Painting, Long Thought to Be Lost, Sets a Record at Auction
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Sotheby’s to Auction Historic Waffle Spike Sneakers Made by Nike Cofounder, Bill Bowerman
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor