Auction Results – London: Sotheby’s Postwar & Contemporary Evening sale, Friday, October 12th, 2012

October 12th, 2012

Image: Gerhard Richter, Abstraktes Bild, 1994 via Sotheby’s
Estimate: £9,000,000 – 12,000,000
Sold for: £21,321,250

Sotheby’s just concluded its evening Postwar & Contemporary sale in London on October 12th with a sale total of £44,146,350 ($70,793,087),  the highest total of the three auction houses this week.

Gerhard Richter’s Abstraktes Bild, 1994 from the collection of Eric Clapton set a record price at £21,321,250 ($34,297,363). Alongside this work, the second cover lot of the sale was Yves Klein’s RE 9-I from the artist’s most sought-after series: the Relief éponge, which sold for  £3,737,250 with premium.

Image: Yves Klein, RE 9-I, 1961 via Sotheby’s
Estimate: £2,000,000 – 3,000,000
Sold for: £3,737,250

Image: An untitled Calder hanging mobile from 1962 went over estimate, selling at £1,553,250.
Estimate:  £700,000 – 1,000,000 GBP

Image: Eduardo Chillida, Ikaraundi (Great Trembling), 1957
Estimate: £900,000 – 1,200,000
Sold for: £1,049,250

Another sale highlight was Eduardo Chillida‘s Ikaraundi from 1957. This is the only of the series in private hands.

The auction also featured a rarely reproduced early drawing by Lucian Freud, a group of paintings by Frank Auerbach, and a single-owner collection of important works from Andy Warhol’s late career including portraits of Liza Minnelli and Man Ray alongside a Campbell’s Soup from 1986 – Warhol’s most famous subject.

Image: Frank Auerbach, E.O.W. Reclining, 1970
Estimate: £250,000 – 350,000
Sold for: £277,250

Further highlights included pieces by Gonkar Gyatso, Barti Kher, Zhang Xiaogang, Beatriz Milhazes, Albert Oehlen and Kelley Walker.

All prices are including Buyer’s Premium unless otherwise noted.

-V. Artzimovich