Wednesday, September 3, 2008
Art market remains still strong
by Petra Kamenicka
Sotheby's and its main rival Christie's both agree, that the art market is still strong and experiences a period of expansion, despite global economical problems, seen mainly in USA. Latest news just prove this statement. Many record -breaking auctions were quoted last week and many paintings were soled for prices, that were much more higher than previous estimations. A huge amount of paintings were sold last week and this caused extraordinary transfers of money. Among the most interesting auctions, there is a Francis Bacon's painting of his lover. This picture was sold at auction in London, arranged by Sotheby's auction house on 1st July. This picture called ,,The Study for Head of George Dyer” was a part of Sotheby's Evening Sale of Contemporary Art. According to estimations, this painting should have been sold for more than 8 million dollars. But the price on auction rose to 13.7 million pounds, which represents 27 million dollars. Bacon is considered to be one of the greatest painters of 20th century. The picture ,,Study for Head of Geroge Dyer” was painted in 1967. In this time, Francis Bacon was at the height of his powers. This picture is an outstanding example of paintings created at the height of his powers. This work is extraordinary, because as Oliver Barker, the senior specialist, contemporary art at Sotheby's in London says: ,,Study for Head of George Dyer represents the zenith in portraiture for Bacon, an artist, who is world-renowned for accomplishing an incredible likeness to hoe subject via a seemingly chaotic use of brushstrockers on the canvas.” Nowadays, the market for works by Bacon is at all-time high. Another painting created by Francis Bacon, monumental Triptych, 1976 was sold at Sotheby's auction in New York on May 14 for record-breaking 86.2 million dollars. As Oliver Barker says: ,,In the brilliance if its conception and the significance of its subject, The Study for Head of George Dyer should be included into history of art alongside Picasso's Weeping woman 1937 in the Tate as an example of what portraiture can achieve.”Another remarkable selling of this week was an iron sculpture by artist Anthony Gormley, sold for 4.55 million dollars.
related story: http://www.news-antique.com/?id=784484&pg=1&keys=Sothebys-Bacon-Francis-Dyer
| by Petra Kamenicka for PocketNews (http://pocketnews.tv) |
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