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Posts with tag francis bacon

Christie's to Auction Rare Lucian Freud Portrait


Christie's has announced it will offer one of the two Lucian Freud portraits of Francis Bacon in its Post-War and Contemporary Art auction in London this October. Pilar Ordovas, Christie's Head of Post-War and Contemporary art, calls it an "intimate portrait" that is a testament to the relationship between arguably the two "most important British artists of the 20th century."

The piece is estimated to reach bids of up to £7 million, though if last May's sale of Freud's Benefit Supervisor Sleeping is any indication, it might go for more -- that painting sold for $33 million.

Abramovich's Girlfriend Parties with Supermodels in Moscow


Our friends at Kempt spotted Dasha Zhukova, Russian oligarch / Luxist mascot Roman Abramovich's gorgeous 27-year-old girlfriend, partying with supermodels and movie stars at an A-list art gallery opening in Moscow the other night. Zhukova (right) rubbed elbows with the likes of Russian supermodel Natalia Vodianova (left), sexy star of several ad campaigns, at the opening for megabucks art dealer Larry Gagosian in a former chocolate factory. As we reported recently, Abramovich has bankrolled a new Moscow art gallery for Zhukova, which will mount a major Francis Bacon exhibition in 2010. At the Gagosian show, works by the likes of Jeff Koons and Vuitton collaborator Takashi Murakami were on display.

$6 Billion Francis Bacon Exhibit Opens in London

Most of megabucks Irish artist Francis Bacon's major works - an estimated $6 billion worth in total - just went on exhibit at the Tate Britain in London. As my colleague Deidre Woollard reported in May, Luxist mascot Roman Abramovich slapped down a record-breaking $86.3 million for a Bacon triptych at Sotheby's.

The exhibition will run through January 2009; as we noted earlier this month, Abramovich is bankrolling a Bacon show of his own at his girlfriend's Moscow gallery in 2010. Meanwhile, the Times of London just declared Bacon, who died in 1992 long before his prices went ballistic, to be the "single greatest artist that Britain has produced in the past 100 years." That must come as something of a shock to Damien Hirst.

[via Men.Style]

Abramovich Bankrolls Bacon Show at Girlfriend's Gallery


Profligate Russian billionaire Roman Abramovich is bankrolling a major Francis Bacon exhibition at his gorgeous 27-year-old girlfriend Dasha Zhukova's new Moscow art gallery in 2010. The show at the luxe gallery, called the Garage Center for Contemporary Culture and also financed by Abramovich, will be entitled Death Shadowing Life: Francis Bacon: The Late Paintings, 1971-92, and will subsequently travel to the Hermitage Museum in St. Petersburg, The Art Newspaper reports. The announcement would seem to explain Abramovich's astounding $86.3 million acquisition of a Bacon triptych at Sotheby's in May. Zhukova's gallery officially opens on Sept. 16 with an Ilya Kabakov retrospective.

Bacon, Basquiat, Prince and Warhol Star in Sotheby's Sale

Not to be outdone by archrival Christie's, Sotheby's is staging its own major Contemporary Art auction in London on July 1st. With total pre-sale estimates topping $130 million, the event is being billed as "the highest value summer sale of contemporary art ever held by Sotheby's in Europe." The untitled Jean-Michel Basquiat painting belonging to Irish rockers U2 that my colleague Deidre Woollard mentioned earlier this month is a top draw in the auction, with an estimate of $8 - $12 million.

Other highlights include two important works by Francis Bacon: Figure Turning, painted 1962, est. $20 - $30 million, and Study for Head of George Dyer, painted in 1967, est. at over $16 million. Rounding out the other notable big-ticket items are Richard Prince's Overseas Nurse, 2002, est. at $8 - $12 million - more than the current Prince auction record; and Andy Warhol's 1964 Large Campbell's Soup Can (pictured right), est. $5 - $7 million. Also of interest: tennis great John McEnroe is selling his 1986 Warhol portrait with ex Tatum O'Neal, est. only $500,000 - $700,000. See the gallery for images.

Gallery: Sotheby's Summer Sale

Bacon's FigureBacon's DwyerPrince's NurseWarhol's Basquiat's Untitled

Rare Never Exhibited Bacon on Offer at Christie's


A rare Francis Bacon triptych that has never before been seen in public and has never been offered at auction is expected to fetch over $20 million during Christie's Contemporary Art Sales in London at the end of the month. Painted in Paris in 1975, Three Studies for a Self Portrait (above) is similar in character to the Bacon triptych that sold for $28 million at Christie's last month. Also starring in the sales on June 30 through July 1: Lucian Freud's Naked Potrait with Reflection, one of the most important works by the artist ever to be offered at auction, est. $20 million - $30 million; Jeff Koons' Balloon Flower (Magenta), 1995-2000, the most important Koons work ever offered at auction in Europe, est. about $25 million; Andy Warhol's Nine Multicolored Marilyns, est. $5 million - $7 million; and Jean-Michel Basquiat's Trunk, painted in 1982, est. $2 - $3 million.

Gallery: Christie's Summer Sale

Basquiat's TrunkKoons' BalloonFreud's NakedWarhol's MarilynsWarhol's Skull

Roman Abramovich, Last Week's Big Art Spender

It seems that whenever a question of big spending comes up all around the world, one name is always bandied about. Mukesh Ambani may be the world's richest man but it's Roman Abramovich who does the most spending. And he was at it again last week busy at both Sotheby's and Christie's. The Art Newspaper reports that the Russian billionaire bought both Francis Bacon's Triptych, 1976, which sold at Sotheby's New York for $86.3 million and Lucian Freud's Benefits Supervisor Sleeping, 1995, which sold at Christie's for $33.6 million. Why the interest in art from a man who is more famous for his real estate and his huge yachts? Apparently he's looking to furnish his London home. and his girlfriend, Dasha Zhukova, is also an art lover who is planning to is to open a new gallery in Moscow specializing in contemporary art.

[Thanks, Lana]

$86 Million Worth of Bacon Sells At Sotheby's


The big wow from Sotheby's contemporary art sale on Wednesday, was the record price set for a Francis Bacon. His "Triptych, 1976" sold for $86.281 million setting a record for postwar art and topping the estimate of around $70 million. Sotheby's had their best night in their nearly 300-year history bringing in a total of $362 million, which bested the $348.2 million haul from Christie's just the night before. While at the Christie's sale a Mark Rothko painting went for over $50 million, at this sale a similar painting went unsold. Seventeen other artists also set record including Robert Rauschenberg, who died this week. His "Overdrive" sold for $14.6 million. Takashi Murakami's amusing sculpture "My Lonesome Cowboy" went for $15.16 million which is rather amazing considering his previous record for $2.7 million. At the sale 87 percent of the 83 lots were sold and the sale exceeded the high presale estimate of $357 million. Fine art spending is alive and well, if there's a fall coming, well, inevitably there will be one, it seems it won't be for a while yet.

[Thanks, Rob!]

Rothko and Neutra Sell Big at Christie's


The economy may be slumping but you wouldn't know that from the numbers being racked up at Christie's. The auction house rang in strong numbers on Tuesday night for their spring Contemporary Art Auction which my colleague, Jared Paul Stern mentioned earlier this month. The NY Times reports that there were often only a couple of bidders on each piece but the total haul of $348.2 million falls neatly between the low estimate of $282 million and the high of $398.6 million. The majority of the buyers were American but the Russians were also out in force. The top lot was Rothko's No. 15 which sold for $50.4 million. A similar Rothko is set to be auctioned off tonight at Sotheby's. Lucian Freud's painting Benefits Supervisor Sleeping brought in $33.6 million setting a new record for a Freud sold at auction and giving him back the record of being the living artist with the most expensive work sold at auction (Jeff Koons claimed the title last November).

Perhaps the most interesting lot was the one you can live in. The Kaufmann House, in Palm Springs, Calif., a classic Richard Neutra home sold for $16.8 million including commission. The mystery buyer also purchased a plot of land adjacent to the property for $2.1 million.

[Thanks, Rob]

Gallery: Christie's Contemporary Art Auction

Clyfford StillGerhard RichterFrancis BaconAndy WarholLucian Freud

A Primer on the Price of Bacon


Francis Bacon, that is. In this week's New York magazine, Marion Maneker, art world expert and author of the brilliant men's style book Dressing in the Dark, reveals how the Irishman who "painted meat and blurry popes" came to command $70 million per painting at auction these days. Before 2005, he hadn't crossed the $10 million mark.

Essentially, a bunch of billionaires bid up his work - buyout king Henry Kravis bought one for $35 million last year, and other bigwigs recently paid $53 million for one of those blurry popes and $43 million for a self-portrait (similar to the triptych above, which could fetch $35 million at Christie's next week). Maneker points out however it's also due to the fact that Bacon, who died in 1992, was literally "one of the last great oil painters." His entire estate was only worth £11 million when he succumbed to a heart attack at the age of 82 - less than one little picture would bring now.

Gallery: The Twisted Genius of Bacon

The artist in his studio, 1984.Movement.Portrait of Lucian Freud.Triptych.Oedipus.

$70 Million Francis Bacon Stars in Sotheby's Sale


A Francis Bacon triptych painted in 1976 is expected to fetch about $70 million in the star sale of Sotheby's Contemporary Art auction in New York on May 14. If the work, billed as the most important privately-held Bacon extant, does max out despite all the hand-wringing going on, the price will eclipse Impressionist claptrap like this $40 million Monet while still falling far short of some puffed-up Picassos. (The middle panel is pictured here; see the image gallery for the complete piece.) Back in February, a Bacon triptych sold for $46.1 million at Christie's in London, slightly below estimate, though the one currently on offer is the better work in our opinion.

Also included in the stunning sale is Mark Rothko's 1956 Orange, Red, Yellow, expected to fetch in excess of $35 million; Jean-Michel Basquiat's beautiful Untitled (Prophet I), est. $9 - $12 million; Robert Rauschenberg's 1963 Overdrive, est. $10 - $15 million; Richard Prince's Millionaire Nurse, est. $3.5 - $4.5 million; a 1986 Andy Warhol self-portrait, est. $2 - $3 million; an untitled Cy Twombly, est. $1.5 - $2 million; and a very naughty manga-inspired sculpture by Louis Vuitton collaborator Takashi Murakami, valued at an astonishing $3 - $4 million.

Gallery: Sotheby's Contemporary Art Auction

Francis Bacon triptych.Andy Warhol.Jean-Michel Basquiat.Richard Prince.Robert Rauschenberg.

Christie's $400 Million Contemporary Art Auction


On May 13, Christie's New York will stage an incredible Post-War and Contemporary Art sale that could realize close to $400 million. Several museum-quality works are on offer among the 57 lots, and Christie's expects several records to be set. Highlights include Francis Bacon's 1976 Three Studies for Self -Portrait, estimated at $25 - $35 million; a morbidly obese Lucian Freud nude, billed as the most important Freud painting ever offered at auction, also est. $25 - $35 million; Willem De Kooning's 1975 Untitled IV, est. $10 - $15 million; several major works by Andy Warhol including his 1962 Campbell's Soup Can (Pepper Pot), est. $6 - $8 million, and his 1986 Self-Portrait, pictured here, est. $2.5 - $3.5 million; Jean-Michel Basquiat's 1987 Victor 25448, est. $4.5 million - $6.5 million; and many more. Some story-hungry members of the press may be rooting for an art market crash, but we're not buying it.

Gallery: Christie's Contemporary Art Auction

Francis Bacon self portrait.Jean-Michel Basquiat.Willem De Kooning.Damian Hirst.Jackie by Andy Warhol.

Rothko Painting Sets Record in New York


A painting by artist Mark Rothko broke the record for postwar art by more than a little at an auction at Sotheby's in New York when it sold for $72.8 million dollars on Tuesday. Although "White Center (Yellow, Pink, and Lavender on Rose)," was expected to go for high dollars (presale estimates had put it around $40 million), the over-the-top boost can most likely be attributed to the big name of owner and seller David Rockefeller Sr. -- who says he plans to donate the proceeds of the sale to charity.

It was a big night for record breaking sales, as earlier that night Francis Bacon's "Study From Innocent X" broke all previous records selling for $52.7 million, only to be outdone by the Rockefeller's Rothko moments later.

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