LONDON.- Tonight in London,
Sothebys evening sale of Contemporary Art totalled £69,143,300/ $87,811,991/ 77,440,496 (est. £58-82.8 million/ $73.5-105 million / 64.7-92.4 million). Led by Francis Bacons evocative Self-Portrait from 1975, the sale drew bidders from across the globe and was 90% sold by lot, with over 70% of works appearing at auction for the first time.
Alex Branczik, European Head of Contemporary Art at Sothebys, said: Tonight was business as usual for Sothebys with strong results for great art from great collections. We also saw records for Wols, Toyin Ojih Odutola and Pascale Marthine Tayou, and of course, Albert Oehlen who really had his moment this evening. Theres undoubtedly a real momentum behind the artist, who will star in a major new exhibition at the Serpentine in a few months time.
TURNING HEADS: PORTRAITS BY ESTABLISHED ARTISTS LEAD THE SALE
The sale was led by FRANCIS BACONs evocative Self-Portrait, which realised £16,542,650 / $20,969,463 / 18,461,635 (est. £15-20 million), £98,500 per square inch. Hailing from the very height of the artists career, the work, measuring 14 by 12 inches, was created in 1975, the same year as Bacons major exhibition at the Metropolitan Museum of Art. The work is the only small self-portrait to be overlaid with fragments of illegible transfer lettering and comes to auction ahead of Bacons major exhibition at the Centre Pompidou this Autumn.
In its auction debut, ALBERT OEHLENs gigantean Selbstportrait mit Leeren Händen (Self-Portrait with Empty Hands) from 1998 sold for £5,949,950 / $7,542,157/ 6,640,158 (est. £4-6 million), establishing a new record for the artist. The three highest prices for the artist have all been set since October 2018. The work comes from the prestigious collection of Harald Falckenberg where it has remained since 1999, the year after it was painted. The painting, created in tribute to the artists friend and collaborator Martin Kippenberger, comes to auction ahead of Oehlens major forthcoming survey at the Serpentine Gallery, which Sothebys is proud to be a supporting sponsor.
Tonights sale testifies a real moment for the artist. Witnessing competition from 17 pre-registered bidders, the psychedelic Untitled (2005), from an important series of paintings made during the mid-2000s, sold with flying colours for more than double the high estimate: £1,815,000/ $2,300,694 / 2,025,544 (est. £600,000-800,000).
A further highlight was JENNY SAVILLEs towering Shadow Head which sold for £4,184,500 / $5,304,272/ 4,669,911 (est. £3-5 million), the highest price for a work created after the 1990s by the artist. Ranking among the Savilles top auction prices, the sale follows the record-breaking figure achieved for Propped in October 2018, which set a new benchmark for a work by a living female artist. Executed over a period of six years, Shadow Head was last shown to the public in 2014 as part of the artists solo exhibition at Gagosian Gallery in London.
NEW BENCHMARKS
With works by WOLS only rarely coming to auction (only 22 recorded paintings ever having appeared before), Vert Strié Noir Rouge was pursued tonight by no fewer than six bidders, among them a Japanese collector who placed the final underbid. After six minutes of heated competition, the painting finally sold to applause for £4,526,200 / $ 5,737,411/ 5,051,249 (est. £400,000-600,000) - over seven times the high estimate. Having remained in the same collection for over 35 years, the work is a large and rare example from the artists small corpus of works on canvas estimated at only 80 paintings, following the artists untimely death at the age of 38 from complications of food poisoning. When it last appeared on the market in 1984, the work set a record for the artist at the time.
Five bidders competed for TOYIN OJIH ODUTOLAs Compound Leaf, pushing the final total to a record-breaking, £471,000/ $597,040 / 525,637 (est. £100,000-150,000) before selling to a Middle Eastern collector. Almost double the previous record set at Sothebys Contemporary Art Evening Auction in March, Sothebys now holds the top three prices for the artist. Executed in 2017, the year of her first solo exhibition at the Whitney Museum of American Art in New York, Odutola has since been subject to global critical acclaim.
A new auction record was set for PASCALE MARTHINE TAYOUs eponymous Poupées Pascale, Les Sauveteurs from 2007, which achieved £312,500 / $396,125 / 348,751 (est. £250,000-350,000), in his evening auction debut. The previous record was set in our Modern & Contemporary African Art sale last October. Sothebys now holds the top five auction results for the artist.
In her Sothebys evening auction debut, CHARLINE VON HEYLs starry-eyed Cluster opened the sale and sold for an above estimate, £150,000 / $190,140 / 167,400 (est. £50,000-70,000). The work appeared tonight following von Heyls recent retrospective, Snake Eyes at the Hirshhorn Museum and Sculpture Garden in Washington D.C., which received cosmic reviews.