Sotheby’s says $107 million London Frieze contemporary sales are its best in seven years:
Senior international specialist Michael Macaulay was the auctioneer for Sotheby's"The Now" sale in London.
The evening kicked off with a smaller offering of 17 works under the label “The Now,” which is comprised of ultra-contemporary art that auctioneer and international senior specialist Michael Macauley described as “the most exciting and coveted art of our time,” adding that it’s by artists who are “great talents.”
Seven lots in the main sale were guaranteed, two of which were direct by the house, while the remaining five were backed by irrevocable, or third party bids, meaning the house was once again able to offset some risk. James Sevier, Sotheby’s head of contemporary art for Europe, was upbeat, telling Artnet News via a phone interview following the sale: “There was great energy in the room and overall the energy has been great throughout the week. We’re really pleased with the results.
Bidding was also intense toward the end of the Now sale for Caroline Walker, when the Palm Springs-inspired interiorIndoor OutdoorUntitledFor other hot artists, such as Jade Fadojutimi, interest was evident but prices were more in line with expectations. Fadojutimi’s sold for £554,400, a healthy spike above the high £400,000 estimate.
s habit of only depicting subjects with whom he was extremely familiar. Sotheby’s called it “the absolute apex” of his critically acclaimed oeuvre. With a premium-inclusive price of £5.64 million , it edged out the previous artist record of £4 million , set just a few months ago in June, also at Sotheby’s London.
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