Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n°159

Post-War and Contemporary Evening Auction and Italian Sale in Frieze Week

Posted by fidest press agency su venerdì, 7 ottobre 2016

christiesLondon – On October 6, Christie’s Frieze week evening auctions in London continued with the Post-War and Contemporary Art Evening Auction and Italian Sale, which realised a combined total of £52,946,250 / $67,241,738 / €599,988,101, bringing a running total for the week to £81,231,775 / $103,334,068 / €92,261,885. The top price of the evening was the masterpiece, Adrian Ghenie’s record-breaking Nickelodeon (2008) (£7,109,000 / $9,028,430 / €8,054,497). Following the stand out performance of the Collection of Leslie Waddington on Tuesday night, which saw sell-through rates of 100% by lot and value, there was extraordinarily high energy in the room where five artist records were realized in the first seven lots with a fantastic depth of bidding that demonstrated the global demand for quality works of contemporary art. The Post-War and Contemporary Evening Auction achieved exceptional sell through rates of 96% by value and 90% by lot, with almost 70% of works selling over estimate. In total, 13 artist records were set on the night across both the Post-War and Contemporary Evening Auction and the Italian sale. The Italian Sale saw world records set for work fresh to the market, with an emphasis on Arte Povera artists including the top lot Pino Pascali (£2,629,000/ $3,338,830 / €2,978,657) and Gilberto Zorio and (£281,000 / $356,870 / €318,737). Registered bidders from 44 countries across 6 continents demonstrated the continued strength of the global contemporary art market.

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