Sotheby's London - Contemporary Art Day, including Wrap-up of the Week - February 27-29, 2008 SOTHEBY’S FEBRUARY 2008 SERIES OF
CONTEMPORARY ART ACHIEVES £119,888,225 ($238,630,155)
early work by Liu Ye, The First Story, achieved £490,900,
leading the Chinese section which performed very well.
CONTEMPORARY ART EVENING
Total: £95,030,000 ($189,424,299)
Pre-sale estimate: £72,025,000-£102,855,000
Sold by lot: 80.0%
Sold by value: 93.8%
Six artist records were established.
Geographic buyer breakdown by lot:
Europe: 64%
USA: 30%
Asia: 4%
Other: 2%
CONTEMPORARY ART DAY SALE
Total: £24,858,225
Pre-sale estimate: £17,347,000-24,231,000
Sold by lot: 84.8%
Sold by value: 90.0%
ARTIST RECORDS ACHIEVED IN THIS SERIES
Lot 4 (EVENING SALE)
JUAN MUÑOZ
BROKEN NOSE II
Est: £200,000-300,000
Sold for: £356,500 ($710,611)
Lot 5 (EVENING SALE)
GILBERT & GEORGE
BAD THOUGHTS NO. 2
Est: £300,000-500,000
Sold for: £636,500 ($1,268,735)
Lot 8 (EVENING SALE)
GERHARD RICHTER
KERZE (CANDLE)
Est: £1,800,000-2,500,000
Sold for: £7,972,500 ($15,891,584)
Lot 10 (EVENING SALE)
PAULA REGO
BAYING
Est: £350,000-500,000
Sold for: £558,100 ($1,112,461)
Lot 16 (EVENING SALE)
LUCIO FONTANA
CONCETTO SPAZIALE, LA FINE DI DIO
Est: in excess of £4 million
Sold for: £10,324,500 ($20,579,826)
Lot 28 (EVENING SALE)
MALCOLM MORLEY
CRISTOFORO COLOMBO
Est: £175,000-225,000
Sold for: £502,100 ($1,000,836)
