As the Young British Artists age into maturity, they’re bringing renewed interest in their forebears as the London Contemporary art auctions continue to bring higher valuations to newer names:
At Sotheby’s, Epiphany, a 44 inch diameter aluminium disc carrying the words “Slip it to Me” by Richard Hamilton, doubled estimates to sell to an American buyer for £557,000. At Christie’s, Howard Hodgkin broke the £1 million barrier for the first time when his sizeable, richly coloured In the Green Room from the mid 1980s when he won the Turner Prize, sold for £1.2 million. And at Phillips, a group of glass cube sculptures made by Gavin Turk in 1990 when he was a student at the Royal College of Art which mimic the work of the minimalist artist, Robert Morris, sold for £86,500. Also at Christie’s, a fundraising sale for an art gallery at Goldsmiths University saw many alumni artists chipping in to raise £1.4 million, and buyers paying record prices for a painting by Fiona Rae (£56,250), a sculpture by Anya Gallacio, never an easy artist to sell at auction (£8,750), and a photograph by Oscar winning film maker, Steve McQueen (£8,750).
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