Bacon's Studies for Self-Portrait lead $117m Sotheby's auction

paulfrasercollectibles

2015-06-26 13:09:59

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Bacon's Studies for Self-Portrait lead $117m Sotheby's auction

Sotheby's Contemporary Art sale was topped by Francis Bacon's Three Studies for Self-Portrait

Sotheby's Contemporary Art Evening Auction has seen excellent results as Francis Bacon's Three Studies for Self Portrait led a stellar line-up on February 12 in London.

Francis Bacon Three Studies For Self-Portrait Sotheby'sThe death of Bacon's closest friend had a profound impact on his work

The auction realised a total of 74.3m ($116.6m), with the Francis Bacon triptych selling within its 10m-15m valuation at 13.7m ($21.5m).

The triptych received much attention from the art world prior to the sale as a fantastic example of Bacon'sportraiture, which played a large part in his career. Its role in hisoeuvre became prominent after the death of his closest friend, George Dyer, spurred a series of searing self-analyses that would continue for the remainder of the artist's life.

Bacon's Study for Self-Portrait - which shows the artist's head on Lucien Freud's body - sold for 19.2m ($30m) in June 2012. The current record for his work was set at $86.3m in 2008 by Roman Abramovich, who successfully outbid contenders for Triptych 1976.

A striking example from Gerhard Richter's ever-popular Abstraktes Bild series followed, selling at 8.1m ($12.7m).

Gerhard Richter Abstraktes BildRichter knocked Damien Hirst off the top spot for living artists, in 2012, with help from Eric Clapton

Gerhard Richter became the world's most valuable living artist in October 2012, after another masterpiece from the series - formerly owned by Eric Clapton - sold for 19.2m ($34.2m) at Sotheby's.

Also selling at Sotheby's last night were two masterpieces from Jean-Michel Basquiat, with strong results expected after the auction record for his work was broken three times in 2012.

However, it appears that this bubble may now have burst, after Untitled (Pecho/Oreja) sold below its 7m low estimate at 6.8m ($10.6m) and a triptych inspired by William Burroughs sold just within its valuation at 4.8m ($7.7m).

Five Fish SpeciesHas Basquiat's bubble finally burst?

Paul Fraser Collectibles continues to bring you all the latest news on art collecting. Our sister company, PFC Auctions, is currently offering an iconic black polo neck jumper worn by 2012's best selling artist, Andy Warhol.

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