Bloomberg points out that heavy-weight collector Adam Lindemann is lightening his load a little in London with a sale of German works as part of Phillips de Pury’s Frieze sales:
The New York-based collector has consigned a group of 13 works by younger German artists such as Jonathan Meese (born 1970), Anselm Reyle (born 1970) and Andre Butzer (born 1973).
“This is just a small selection from Adam Lindemann’s German material,” Phillips’s London-based specialist Henry Allsopp said in an interview. “He thought the chance to sell in an evening auction during Frieze Week was a good opportunity.”
Most of the works had been acquired from Berlin galleries within the last five years. The most highly valued is Reyle’s Koons-influenced purple chrome abstract sculpture, “Untitled.” Dating from 2006, it is estimated to sell for 100,000 pounds to 150,000 pounds. The Lindemann lots aren’t guaranteed, Allsopp said.
Daimler May Make $16 Million from New York Sale of Koons Balloon Sculpture (Bloomberg)