The fall auction season will get back underway this week, as the bustle of Frieze London will also play home to the first major evening sales since early this summer. With major lots offered at Phillips, Sotheby’s and Christie’s, buyers in the British capital will compete over a number of classic works alongside their recent purchases at Regent’s Park.
The events will kick off Wednesday night with a 47-lot sale at Phillips, one of the first sales at its expansive new Mayfair location, and estimated at £16,000,000 to £23,000,000 Sale highlights include a 1990 Christopher Wool estimated at £1,800,000 – 2,200,000, as well as a segmented canvas by Gerhard Richter from 1985, with a similar estimate of £1,500,000 – 2,000,000. Other lots on the list include one of Danh Vo’s We the People sculptures (£100,000 – 150,000), and a dynamic Martin Kippenberger (£700,000 – 1,000,000).
The sales continue on Thursday at Christie’s, where a 46-lot sale is estimated to achieve an impressive sales tally of £104.5 – 150.4 million. The sale is led by Peter Doig’s The Heart of Old San Juan, an urban landscape depicting an empty, shadowy basketball court, estimated to sell for between £4 and £6 million. The work is joined at the top of the auction by a pair of works each from Jean-Michel Basquiat and Gerhard Richter, each estimated to sell above £1.5 million.
The week concludes with a competitive auction offering from Sotheby’s this Friday, the auction house’s first major auction opportunity since it made a series of financial adjustments allowing it to offer more aggressive guarantees for works on sale. The 59-lot Sotheby’s sale is led by a Martin Kippenberger work from late in the artist’s life (estimated at £2.5 to £3.5 million) , as well as another work from his Krieg Böse series (£800,000 — £1,200,000), but also boasts an impressive Pierre Soulages from 1958 (estimated at £2,000,000 — £3,000,000) , as well as a ghostly Francis Bacon (est. £1,500,000 — £2,000,000).
— D. Creahan
Christie’s Contemporary Evening Sale [Christie’s]
Sotheby’s Contemporary Evening Sale [Sotheby’s]
Phillips Contemporary Art Evening Sale [Phillips]
“Auction Houses Gear Up for Frieze Week” [New York Times]
“Sotheby’s, Christie’s, and Phillips Court Frieze Week Collectors” [Art Info]