Art Market Monitor

Global Coverage ~ Unique Analysis

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

Who Revived the Bacon Market?

February 15, 2011 by Marion Maneker

Last week’s sale of a Francis Bacon’s Studies for a Portrait of Lucian Freud for £23m unleashed a new round of speculation about the buyer. Some reports latched on to Roman Abramovitch for no discernable reason save previous reports that Oligarch had bought the record-setting Bacon of some years ago.

Colin Gleadell claims the buyer is Pyotr Aven, president of Alfa Bank. But the real mystery is why it took an auction to sell the work when it had been previously shopped by both Gagosian and Haunch of Venison, as Gleadell points out, at a lower price of around £15 million.

Ai Weiwei’s Sunflower Seeds Go Onsale (Telegraph)

More from Art Market Monitor

  • Sotheby's HK Painting Results = $60.7mSotheby's HK Painting Results = $60.7m
  • Led by $1.8 M. V. S. Gaitonde Painting, Sotheby’s South Asian Art Sale Nets Robust $4.8 M. Amid Uncertain MarketLed by $1.8 M. V. S. Gaitonde Painting, Sotheby’s South Asian Art Sale Nets Robust $4.8 M. Amid Uncertain Market
  • Frick Joins the Museum Wars, Proposes ExpansionFrick Joins the Museum Wars, Proposes Expansion
  • Is Laurance Graff the Art Market?Is Laurance Graff the Art Market?
  • Guarantees Are Going UpGuarantees Are Going Up
  • ArtList’s 3 Must See Shows: New Warhol, Cosima von Bonin ExhibitsArtList’s 3 Must See Shows: New Warhol, Cosima von Bonin Exhibits

Filed Under: Auction Results, Featured

About Marion Maneker

LiveArt

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

  • 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
 

Loading Comments...