Heritage Auctions now does nearly 60% of its transactions over the internet; Asset-backed art loans falter; Armory Show Sales ReportThis commentary by Marion Maneker is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)
George Michael’s Evening Sale of YBA Art = £9.26mMost of the Damien Hirst lots in George Michael’s collection struggled a bit against their estimates but still sold well. Bridget Riley’s Songbird made £791,250 against a £600k high estimate; Cecily Brown’s Yet to be titled made the same premium price against a £550k high estimate; Antony Gormley’s Another Time III made £431,250 against a £250k high estimate; Tracey Emin’s Hurricane made the same against a £180k high estimate; Emin’s George Loves Kenny, a neon work with a £60k high estimate made £347,250. Oh, let’s not forget the Harland Miller work, above, that came to market with a £30-50k estimate range and sold for £237,500.
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