Last night’s auction of contemporary art at Sotheby’s grossed a total of £65.1m hammer, which was within the £61.2m-84.5m presale estimate. Of the 54 lots on offer 44 found buyers.
Created when the artist was 71 years old, Francis Bacon’s late work from 1980 ‘Three Studies for a Self-Portrait’, sold to a German collector for a mid-estimate £12.25m. It was bought by Mönchengladbach-based Jürgen Hall and the work will be loaned to an institution.
Elsewhere in the sale, new records were established for the artists Giuseppe Penone, Adrian Ghenie and Hurvin Anderson.
It was not a great night for Gerhard Richter. Two of the four works on offer sold under estimate. Abstraktes Bild (769-1) of 1992 made £7.25m against a £7.5m-9.5m, whilst Wolke (Cloud) of 1976, a photorealist masterpiece went for £6.75m (est.£7-9m).
Prices mentioned do not include buyer’s premium.