Concluding a three week series of auctions, the Contemporary Evening Sales are set to take place in London in the coming evenings, offering a perspective on the strength of the market as 2015’s art season gets underway.
The auctions begin on Tuesday, February 10th, with Sotheby’s Evening sale. The 77-lot sale is carrying a presale estimate of £89.7 million to £127.1 million, led by a large-scale Gerhard Richter Abstraktes Bild from 1986, which is estimated to sell for £14 million to £20 million. Also topping the list is a rare Francis Bacon double self-portrait, executed in 1977 and carrying a £13 million to £18 million presale estimate. The painting, executed just weeks after the suicide of his partner George Dyer, is already commanding impressive buzz, and may turn out to be the night’s most coveted lot. A Lucio Fontana “slit” work also sits at the top of the sale offerings, estimated at £5 million to £7 million. (more…)