16 World records smashed at art auction

paulfrasercollectibles

2015-06-26 11:43:54

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16 World records smashed at art auction

Interest in Greek Art sends prices rocketing.

Bonhams hosted their hugely successful Greek sale this week, with a selection of works ranging from 19th Century classic art to high-profile modern and contemporary pieces, achieving world record prices.

Across the entire sale, nearly 90% were sold by value.

View of Acropolis - Konstantinos Maleas

The much anticipated feature of the sale was Constantinos Maleas' (1879-1928) View of the Acropolis, exhibited at Paris in 1919, during a collective exhibition of modern Greek artists of the "Omada Texnis".

Exceeding its estimate, the stunning piece went on to sell for a staggering 311,200.

Another star lot within the auction was Nude A' by Yiannis Moralis, depicting a feminine nude as a glowing time-softened marble statue.

Expected to reach 120,000-180,000, its final hammer price was 276,000 for the spectacular piece imparting a sense of Doric dignity and Ionian elegance.

An expressionistic formulation of a labyrinthine architectural complex by Nikos Hadjikyriakos-Ghika (1906-1994) entitled Calligraphy of a town was another much sought-after work within the sale.

It reached 168,000 from an estimate of 80,000-120,000.

Further major lots included Spyros Papaloukas (1892-1957) vision of Mt. Athos, skete of the Three Hierarchs and the Holy Trinity which sold for 168,000.

Thodore Jacques Ralli's depiction of Resting in a Greek monastery also achieved 156,000.

Michalis Economou, Houses by the sea also exceeded estimate of 60,000-80,000 achieving 102,000.

Michaela Vergottis, Bonhams London Specialist in Greek Art commented:

"Once again we had a packed saleroom with a real buzz and enthusiastic bidding. The Greek Art Market continues to shrug off any economic blues."

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