ARTnewsletter Archive

Bidding is Global at London Contemporary Auction

Christie’s middle-market sale of Postwar and contemporary art at its South Kensington branch on Sept. 14, realized £2.9 million ($4.5 million), and was 67 percent sold by volume, and 78 percent sold by value. Of 264 lots offered, 176 were sold.

NEW YORK—Christie’s middle-market sale of Postwar and contemporary art at its South Kensington branch on Sept. 14, realized £2.9 million ($4.5 million), and was 67 percent sold by volume, and 78 percent sold by value. Of 264 lots offered, 176 were sold.

The top lot was by Cildo Meireles, a mixed-media work entitled Jogo de Velha Serie C 8A (Tic-Tac-Toe Serie C 8A), 1997, that sold for £181,250 ($284,563) to a South American collector, on an estimate of £60,000/80,000.

The second-highest price was £169,250 ($265,723), for Jan Fabre’s The Battle in the Hour Blue, 1989, made of stag beetles on paper. The price was far higher than the £12,000/18,000 estimate. And Banksy’s unique work, Bird and Grenade, 2002, oil and spray enamel on found canvas, sold for £145,250 ($228,043), compared with an estimate of £30,000/50,000.

Christie’s said buyers originated from 27 different countries with the breakdown at 68 percent from Europe, 25 percent from North and South America, 5 percent from Asia and 2 percent from the Middle East. Furthermore, three of the top lots were bought online.

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