Painting, Sculpture >
Francis Bacon painting sold from 142.4m in New York
Guardian 15 November 2013
Francis Bacon's three-panelled painting
Three Studies of Lucian Freud
has become the most expensive work of art
ever sold at auction.
The 1969 triptych went under the hammer
Christie's in New York for US$142.4m,
easily eclipsing Edward Munch's The Scream,
which fetched $119.9m last year.
art world /
global art world USA
art dealer >
Anneliese 'Annely' Juda 1914-2006
art dealer >
Peter Cochrane 1913-2004
Seeger Jr. 1930-2011
a reclusive, idiosyncratic art collector
who disposed of Picassos, Beckmanns and Bacons
nearly as fast as he bought them,
and who for several years in the 1980s owned Sutton Place,
one of Britain’s grandest Tudor estates
put up for auction
at auction USA
> Sotheby’s UK
go under the hammer
Contemporary Art sale
at Christie's in London
Corpus of news articles
Arts > Painting, Sculpture >
Francis Bacon `rent' Painting Sold
October 15, 2007
Filed at 10:54 a.m. ET
The New York Times
By THE ASSOCIATED PRESS
LONDON (AP) -- A Francis Bacon
painting that the artist donated to an art college in lieu of rent decades ago
has sold for $16.4 million at an auction where solid but unspectacular results
suggest global financial turmoil may be unsettling the art market.
''Study from the Human Body, Man Turning on the Light'' was bought late Sunday
by an anonymous bidder at Christie's auction house. The painting was given by
Bacon to the Royal College of Art in 1969 as payment for renting a studio, and
the college sold it Sunday to fund a new campus in south London.
This month's London auctions are being closely watched for signs that after
several years of rising prices, the red-hot art market may be cooling.
The price paid for the Bacon painting, which includes a buyer's premium, was in
the middle of Christie's presale estimate of $14 million to $18 million.
Fine-art insurer Hiscox says the value of contemporary art sold at auction rose
by 55 percent during the first six months of the year. But many fear the weak
dollar and fallout from the subprime mortgage crisis will hit prices.
The total for the Christie's sale was $80.6 million -- nearly double the total
for the same sale last year. But 15 percent of the artwork went unsold.
Several high-profile lots underperformed, with works by Andy Warhol and
Jean-Michel Basquiat failing to sell and several Damien Hirsts going for below
their presale estimates.
It was a similar story at Sotheby's on Friday, when a Hirst polka-dot painting
valued at up to $5.1 million went unsold.
Charles Dupplin, head of the art division at Hiscox, said any art-market
slowdown would show itself first in a fall in sales, rather than prices.
''You won't see immediate price falls,'' he said. ''You just won't see the
Pilar Ordovas, Christie's head of postwar and contemporary art, said the results
showed ''confidence in the international art market, notably the postwar and
contemporary art segment, with strong prices achieved for top quality and
sensibly estimated works.''
In contrast to the lackluster performance of some famous Western names, the
weekend's sales saw booming prices for contemporary Chinese art.
Christie's sold 10 Chinese works for a total of $10.6 million, including Zeng
Fanzhi's ''Mask Series 1999, No. 5,'' which fetched $1.63 million -- more than
four times its presale estimate.
On Friday at Sotheby's, Yue Minjun's ''Execution'' sold to a telephone bidder
for $5.9 million, including buyer's premium, a record for a Chinese contemporary
On the Net:
Francis Bacon `rent' Painting
Sold, NYT, 15.10.2007,
http://www.nytimes.com/aponline/arts/AP-Britain-Art-Sales.html - broken URL
A Pollock Is
Possibly for a Record Price
The New York Times
By CAROL VOGEL
entertainment magnate David Geffen has sold a classic drip painting by Jackson
Pollock for about $140 million, art experts with knowledge of the transaction
That price, if officially confirmed, would be the highest sum ever known to have
been paid for a painting, exceeding the $135 million that the cosmetics heir
Ronald S. Lauder paid in June for Gustav Klimt’s “Adele Bloch-Bauer I.”
The experts spoke on condition of anonymity, saying they did not want to be
perceived as betraying the confidence of the seller or the buyer of the Pollock,
“No. 5, 1948,” or jeopardize future business.
Reached by telephone, Mr. Geffen declined to comment on whether he sold the
painting. Tobias Meyer of Sotheby’s is said to have brokered the deal.
The art-world experts identified the buyer as David Martinez, the Mexican
financier who bought a two-floor apartment in the south building of the Time
Warner Center for $54.7 million recently.
Mr. Martinez did not return calls seeking comment. Obsessively private, he has
emerged as a megabuyer in modern and contemporary art in recent years, snapping
up works by masters like de Kooning and Rothko both privately and at auction.
Just last month Mr. Geffen sold two other 20th-century paintings — a Jasper
Johns and a Willem de Kooning — for a total of $143.5 million. Given that he is
among many business figures who has expressed interest in buying The Los Angeles
Times, media industry analysts speculated that he was trying to raise cash for a
The Pollock, a densely tangled composition in browns and yellows, is unusually
large, measuring about 4 by 8 feet, and was painted on fiberboard.
Like much else in Mr. Geffen’s collection, it comes with a pristine provenance.
Previous owners include the painter Alfonso A. Ossorio, a major Pollock
collector from East Hampton, N.Y., and S. I. Newhouse Jr., the publishing
magnate, who sold it to Mr. Geffen.
A Pollock Is Sold, Possibly
for a Record Price,
Related > Anglonautes >
painting, street art, tattoes, sculpture
e-books / reading on the
/ newspapers / www > comics, superheroes, superheroines
architecture, towns, cities
describing pictures > phrases and verb forms
Related > Anglonautes > Arts