Big Sales of Bacon Paintings Set Sotheby’s Record, Fetched $315.9 mn

For the past couple of months I have been alarming you for the scheduled auctions of paintings, art, statue and others. But now the day has come when the international auction houses viz. Sotheby’s and Christie are getting their dues.

It has been months that I Francis Bacon canvas worth $46 million, a record-setting Jeff Koons’ hanging heart steel sculpture and an Andy Warhol print of Conrad Black has helped boost Sotheby’s to reach the highest ever generation of the contemporary arts sale. Following the northwards going curve of the prices during last two years, Sotheby’s too estimated to out shadow with around 71 lots in New York sold for around $319 million.

Bacon’s “Second Version of Study for Bullfight No 1″, painted in 1969 was honored as the most expensive item that gold sold for £22.4 million to an unsigned American buyer during contemporary arts sale. Also, Bacon self-portrait generated $33 million, almost two-fold of the anticipated price. Both these Bacon’s creation would be exhibited in a public exhibition scheduled in Madrid before hitting the New York based exhibition later this autumn.

Koons’s 9ft long Hanging Heart went under the hammer for $23.6 million beating the previous record of living artist’s artwork by Damien Hirst. At the same evening, “Portrait of Conrad Black” – one of four Warhol designed by former Daily Telegraph proprietor fetched $240,000. The sale came as a pill of relief for Sotheby’s after the shock of the Impressionist and modern art sale last week that failed to invite even a single bid for Van Gogh drew no bids.

Via Telegraph