The First Art Newspaper on the Net Established in 1996 United States Tuesday, June 18, 2013
Sotheby's Ground-Breaking Two-Day Auction of New Works by Damien Hirst Realises $200 M
Damien Hirst, b. 1965 St. Anthony's Fire, household gloss on plastic skeleton. Photo: Courtesy of Sotheby's.
LONDON.- Following the tremendous result achieved last night for the Evening session of Beautiful Inside My Head Forever - Sotheby’s historic and ground-breaking two-day auction of new works by Damien Hirst - the Day Sale continued to attract unprecedented interest, bringing the combined total for the entire two-day auction to the remarkable sum of £111,464,800 (US$200,752,179/€140,160,487) – well in excess of its high estimate (est. £68-98 million).

Following the conclusion of the sale today, Damien Hirst said: "I think the market is bigger than anyone knows, I love art and this proves I'm not alone and the future looks great for everyone!"

Commenting on the exceptional results of this unique sale, Patrick Van Maris, Managing Director Sotheby ‘s Europe, said: “With the 11-day pre-sale exhibition and two-day sale of new works by one of world’s most successful living artists, Damien Hirst, Sotheby’s has made auction history. The sale has broken major new ground and set several new and important benchmarks – including a new auction record for a work by the artist. The sales attracted an unprecedented number of new buyers and bidders, with significant activity from a remarkably broad range of geographical locations. Beautiful Inside My Head Forever is undoubtedly the sale of the century… to date, and I am very proud that Sotheby’s has been the place where it happened. Remarkably, the sale took place almost exactly 50 years after Sotheby’s staged the sale of seven Impressionist paintings from the Estate of the Jacob Goldschmidt, the first evening sale since the 18th century, which revolutionised the art world.”

• The Evening Sale comprised 56 lots, 54 of which sold during the auction (the remaining two in fact sold privately before the sale closed), with 96% sold by value – the second highest sold by value rate ever seen at a Sotheby’s London Contemporary Art auction.

• The auction saw three lots sell for over £5 million and 18 lots sell for more than £1 million, with two lots selling for $10 million, four lots selling for over $5 million and 37 lots for more than $1 million.

• 35% of the buyers in the Evening Sale were new to the Contemporary Art department and 18% were new to Sotheby’s.

• Of the bidders new to Sotheby’s, 25% came from the new markets.

• 74.1% of lots sold realised prices over their high estimates

• Of the bidders registered in the sale, 16% were new to Sotheby's and 35% were new to the Contemporary Art department.

• The average sold lot value was £1.3 million – representing the third highest average sold lot value for a sale of Contemporary Art at Sotheby’s London.

Top lots:
• The Golden Calf (lot 13): calf, 18 carat gold, glass, goldplated steel, silicone and formaldehyde solution with Carrara marble plinth, made £10,345,250 (€13,029,797/ US$18,661,796) – establishing a new auction record for a work by the artist in sterling. (Previous record: £9,652,000 / US$ 19,075098 for Lullaby Spring – established at Sotheby’s London, June, 2007)

• The Kingdom (lot 5): tiger shark, glass, steel, silicone and formaldehyde solution with steel plinth, made £9,561,250 (€12,042,352/US$17,247,539) - more than double the high estimate of £4 - 6 million (€ 5,060,000-7,590,000 / US$7,900,000-11,850,000)

• Fragments of Paradise (lot 51) stainless steel and glass with manufactured diamonds, made £5,193,250 (€6,540,876 / US$ 9,368,104) – around five times the pre-sale estimate of £1-1.5 million.

• Here Today, Gone Tomorrow (lot 46): glass, stainless steel, fish, fish skeletons, acrylic, MDF, paint and formaldehyde solution, sold for £2,953,250 (€3,719,605/$5,327,368)

• Memories of / Moments With You (lot 11): gold-plated steel and glass with manufactured diamonds, made £2,617,250 (€3,296,415/US$4,721,257) – more than double the high estimate of £800,000-1,200,000 (€ 1,020,000-1,520,000/US$ 1,580,000-2,370,000)

• The Black Sheep with Golden Horn, (lot 9): made £2,617,250 (€3,296,415/US$4,721,257)


• The Day Sale realised £40,919,700 – £7 million over the high estimate for the Day Sale (est. £25- 36 million).

• The morning session was 100% sold by lot and value.

• In the entire Day Sale, only 3 lots failed to find a buyer.

• 76.8% of the lots sold for above their high estimates.

• The Day Sale was 98.2% by lot and 98.4% sold by value – the highest sold through rate and sold by value rate of any Sotheby’s London Day Sale of Contemporary Art.

• The average lot value in the Day Sale was: £250,193 – the highest average lot value for any Day Sale of Contemporary Art at Sotheby’s London.

• The auction saw 6 lots sell for more than £1 million and 11 lots sell for over $1 million.

Top lots:
• The Dream (Lot 110): pony with horn in formaldehyde, sold for £2,337,250
(€2,943,771/US$4,197,935) against a pre-sale estimate of £2-3 million.

• Ascended (Lot 147): butterfly grid, made £2,281,250 (€2,873,239/US$4,097,353 ), more than four times its pre-sale low estimate (est. £500,000-700,000)

• Unknown Pleasures (Lot 206): diamond cabinet, realised £1,665,250
(€2,088,058/US$2,990,956) almost three times its high estimate (est. £400-600,000)

• Reincarnated (Lot 117): butterfly grid, sold for £1,609,250 (€2,026,853 /US$2,890,374) against a pre-sale estimate of £500,000-700,000.

Tonight’s sale eclipsed the total for any previous auction dedicated to a single artist. Previous sales dedicated to a single artist included:

- The Collection of Stanley J. Seeger at Sotheby’s in 1993: 88 works by Pablo Picasso were offered and the sale realised $32/£21 million.

- The Man Ray Sale at Sotheby’s in 1995: 599 works were offered and the sale realised £4 million ($6.3 million).



Today's News

September 17, 2008

Sotheby's Ground-Breaking Two-Day Auction of New Works by Damien Hirst Realises $200 M

National Gallery in UK Announces Exhibition Schedule for 2009

Recovered Paintings Back on Display in Frans Hals Museum

Christie's London Pays Tribute to 20th Century Italian Art

Landscapes by Monet, Corot, Inness and Hassam Showcased in New Newark Museum Exhibition

Construction Begins On Herzog & De Meuron's 56 Leonard Street

The Japan Art Association Announces the Recipients of the 20th Praemium Imperiale

19th Century Dutch Landscapes, Ice Scenes and Town Views to be Sold at Sotheby's Amsterdam

Fragrant Liverpool culminates with an exhibition at the Walker Art Gallery

Exhibition Presents Original Works Produced by Alabama Quilters from the 1930s Forward

W. Garfield Weston Foundation Boosts Arts Education at the AGO

Garden and Cosmos: The Royal Paintings of Jodhpur World Debut Oct. 11 at the Arthur M. Sackler Gallery

Royal Porcelain from the Twinight Collection, 1800-1850 at the Metropolitan

Of National Interest: Photographs from the Collection at the Chicago Art Institute

Cosmic Communist Constructions Photographed on View at Chicago Architecture Foundation

Fifteen Bronze Horses to Thunder onto Stampede Park

Brownie Harris Exhibition of Portraits Spanning 40 Years Opens in October

Most Popular Last Seven Days



1.- Investigators analyse ashes taken from the house of one of the suspects as Dutch heist paintings feared burnt

2.- Exhibition of nude photography around 1900 on view at Berlin's Photography Museum

3.- A team of twelve restorers inspect the "Isenheim Altarpiece" at the Unterlinden museum

4.- Russian scientists make rare find of 'blood' in carcass of female woolly mammoth

5.- Taliban criticise Kabul's pink balloon art project by 31-year-old artist from New York

6.- Gagosian Gallery in London presents a group of four tapestries by Gerhard Richter

7.- Archaeologists find Colonial and Pre-hispanic vestiges thought to be 500-1,000 years-old

8.- RM stuns market as Villa Erba sale realises more than $35 million; Ferrari sells for $12,812,800

9.- Indianapolis Museum of Art receives major painting by William-Adolphe Bouguereau

10.- Newly discovered prisoner journal donated to Auschwitz by widow of US lieutenant Clifford Hensel

Related Stories



Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Tunisia to auction ousted despot's treasures

Andy Warhol's Mao portraits excluded from the Beijing and Shanghai shows next year

China criticises French Qing dynasty seal auction

Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

Nine new exhibits debut at San Diego International Airport

Rembrandt masterpiece "Portrait of Catrina Hooghsaet" back on display at National Museum Cardiff

Amber: 40-million-year-old fossilised tree resin is Baltic gold

Egyptian artist Iman Issa wins the Ist FHN Museu d’Art Contemporani de Barcelona Award

The main chapel of the Basilica of Santa Croce open for visits after five year restoration



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Web Developer: Gabriel Sifuentes - Special Contributor: Liz Gangemi
Special Advisor: Carlos Amador - Contributing Editor: Carolina Farias
Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site