Bidders seemed prepared to spend but determined not to overpay. Things started off with a bang on the 20-lot offering of ultra-contemporary art titled the Now, which achieved white-glove status when it was 100 percent sold.
The selection reflected some of the most sought-after names among younger emerging artists, particularly the current vogue for figurative painting; and there were plenty of prominent female artists represented, with the sale roughly split between male and female artists. It was followed by a larger offering of Modern and contemporary art that saw artists as disparate as Kees van Dongen and Damien Hirst offered side by side.
In all, the Now realized £13.7 million , handily exceeding its presale estimate of £6.6 million to £9.3 million . However, this estimate wasof that of the comparable auction in 2022, perhaps reflecting a cautious estimation strategy in an uncertain financial climate. Seven artist records were set, for Michael Armitage, Raghav Babbar, Miriam Cahn, Guglielmo Castelli, Jana Euler, Spencer Lewis, and Chloe Wise.
, a title inspired by a Roxy Music song—soared to more than six times its low estimate, at a final price of £622,300 , it likely was not taken home by the third party, or outside backer., which sold for a premium-inclusive £3.4 million to a client bidding through Sotheby’s Los Angeles-based senior specialist Jackie Wachter.
. At least four buyers chased the work after it opened at £9 million until it was hammered down at £14.2 million , or a premium-inclusive £16.9 million , to a buyer in the room. This lot, too, was backed by a third-party guarantee.
Cool.
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