Event: Phillips de Pury Contemporary London (Evening) Sale
Date: 29 June 2009
Time: 1900h
Auction Summary:
1. Sales totalled up to ₤4,227,000 (excluding premiums), underperforming low-end estimate by 21.7%.
2. 30 of 40 lots sold, with 75.0% sell-through rate.
3. 12 lots sold above high estimate, 11 lots sold within estimated range, 7 lots sold below low estimate.
“Surprise Performers” were led by Jack Goldstein, for his 1988 Untitled, which outperformed the highest estimate by 3.3 times, securing a winning bid of ₤100k.
(via chelsea art galleries)
Top Lots (Prices for hammer without premiums):
1. Ed Ruscha, That Was Then This is Now
(Oil on canvas. 106.7 x 243.8 cm)
Winning Bid: ₤600k
Estimate: ₤600k – ₤800k
2. John Chamberlain, Mr. Moto
(Painted and chromium-plated steel. 73.7 x 76.2 x 68.6 cm)
Winning bid: ₤440k
Estimate: ₤400k – ₤600k
3. Yue Ming Jun, Untitled
(Oil on canvas. 220 x 200 cm)
Winning Bid:₤350k
Estimate: ₤250k – ₤300k
4. Thomas Schutte, Stahlfrau Nr. 7 (Steel Woman no. 7)
(Steel in two parts. Overall dimensions: 130 x 250 x 125 cm. This work is from an edition of two.)
Winning Bid:₤380k
Estimate: ₤300k – ₤500k
5. Andy Warhol, Five Guns 1983
(Synthetic polymer paint and silkscreen inks on canvas. 40.7 x 50.7 cm)
Winning Bid:₤175k
Estimate: ₤150k – ₤200k
Marion Maneker gives a detailed lot-by-lot coverage of the event.
Upcoming summer sales & auctions:
June 30: Christie’s Post War & Contemporary Art Evning Sale, London
July 1: Christie’s Post War & Contemporary Art Day Sale, London
thangdynasty is a work-in-progress maintained by an accidental equity trader whose brief foray into the world of investments turned out… not so brief.
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