The AMM Fantasy Game for the London Contemporary art sales is over and the winners have been notified. Of nearly 300 players, these five won cash prizes sponsored by Sotheby’s.
What do they all have in common? Each of the five winning collections contained Christopher Wool‘s massive 10′ x 8’ untitled (P552) work that sold for more than £10.4m and Peter Doig‘s Charley’s Space which made £10.9m. Both results were well above their respective £4-6m and £6-8m estimate ranges.
Other works that out-performed estimates and appeared in many of the winning collections were the six Warhol fright wig self portraits that made a final price that was £3.9m above the enticing estimate range (which was, in turn, well below the price paid by the consignor four years before); Gerhard Richter‘s 1025 Farben which sold for a hammer price £1.4m above the low estimate; Richter‘s Gelbgrun which made £2.5m more than the low estimate; and Lucio Fontana‘s red Concetto Spaziale, Attese that racked up £2.3m more than the minimum estimate.
To be sure, it helped that few of the other selections made by the winners cut into their “profits.” In contrast, we can see that the five collections that performed the worst held the David Hockney Different Kinds of Water that was withdrawn from the sale, the Warhol Birth of Venus that was bought in or the Jackson Pollock drip painting that sold for £1.9m below the low estimate.