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$56.3 million achieved for Sotheby's London Evening Auction of The Gunter Sachs Collection
A visitor looks at a 1986 self-portrait 'Pink Fright Wig' by Andy Warhol, right, on display in the same room as a 1974 portrait of Brigitte Bardot by Andy Warhol, center, and a portrait of Gunter Sachs by Andy Warhol, left, at the auction house in London. AP Photo/Sang Tan.
LONDON.- Tonight at Sotheby’s London, the Evening Auction of The Gunter Sachs Collection realised the outstanding total of £35,628,250 / $56,353,203 /€44,057,951 – almost double the pre-sale low estimate (Est. £18-25million /$28.8-40 million / €22-31 million). In part one of the two-day sale of artworks and objects that span numerous collecting categories, buyers from Asia, Europe, Russia and the US helped drive this evening’s sell-through rates to 90.2% by lot and 97.5 % by value, resulting in 10 lots selling for over £1 million and 16 for over $1 million. Artist records were set for works Allen Jones and Mel Ramos.

The top lot of tonight’s sale was one of Andy Warhol’s last self-portraits, Self Portrait (Fright Wig), from 1986, which sold for £5,361,250 / $8,479,889 / €6,629,730 - more than double its pre-sale estimate of £2-3 million.

Record prices for works by Andy Warhol were achieved for The Kiss (Bela Lugosi), from 1964, which fetched £3,177,250 / $5,025,456 / €3,928992 (est. £700,000-900,000) – a record price at auction for a work on paper by Andy Warhol – in addition to a record price at auction for a print/ set of prints by Andy Warhol with the sale of his 1972 work Mao, which sold for £1,609,250 / $2,545,351 / €1,990,001 (est. £300,000-500,000).

Further outstanding prices for works by Andy Warhol include:
· The 48-inch Flowers painting – one of only six works that the artist produced in this format – which sold for £3,737,250 / $5,911,208 / €4,621,489 against an estimate of £3-4 million.

· An icon of Gunter Sach’s collection, the stunning 1974 Andy Warhol portrait Brigitte Bardot which sold for £3,009,250 / $4,759,731 / €3,721,243, estimated at £3-4 million.

· An acrylic and silkscreen ink on canvas portrait, Gunter Sachs, realised £1,273,250/ $2,013,900 / €1,574,503 (est. £400,000-600,000).

A complete set of Allen Jones’ exceptionally rare, iconic Pop Art mannequin furniture of 1969 achieved record prices following heated bidding, the highest price of which was for the table - £970,850 / $1,535,593 / €1,200,555 - over three times the previous record price at auction for the artist.



Today's News

May 23, 2012

Largest Dürer show in Germany in 40 years opens at Germanisches Nationalmuseum

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$56.3 million achieved for Sotheby's London Evening Auction of The Gunter Sachs Collection

Two men deface painting that ridicules South African President Jacob Zuma defaced

Solo exhibition of new photographs by James Welling opens at The Donald Young Gallery

Harvard Art Museums present exhibition of Jasper Johns's "Crosshatch" works of the 1970s

Exhibition explores the effect of ecological degradation on marine life and avian and amphibian populations

Parrish Art Museum announces November 10, 2012, as opening date of new Herzog & de Meuron building

Los Angeles County Museum of Art to unveil artist Michael Heizer's big rock work in June

Keno Auctions announces exceptional selection of important American and European paintings

Flintlock sword-pistol once owned by Admiral Lord Nelson's close friend for sale at Bonhams

Series of dynamic new paintings by Damien Hirst on view at White Cube Bermondsey

Febrik, a collaborative platform for participatory art exhibits at South London Gallery

Cartoon studio faces state clout, global stars

Exhibition comprised of 12 photographs and an installation by Natalia Arias on view at Nohra Haime Gallery

Auction claims it's selling vial with Reagan blood

Museums in Hannover present an overview of the contemporary international art scene in Germany

Pacific Standard Time wins outstanding exhibition catalogue from the Association of Art Museum Curators

Exhibition reflects Simon Denny's interest in television and video as both technology and cultural form

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