The avant-garde collection of art, objects and furniture from visionary art collector, Gunter
Sachs, shattered pre-sale estimates during the London Evening Auction, achieving an
impressive total of £35.6 million (US$ 56.4 million).
Henry Wyndham, Chairman of Sotheby’s Europe, accepts bids on Andy Warhol's portrait of Gunter Sachs.
Fierce competition during bidding led to an impressive 90% of lots sold, 73% in excess of their pre-sale high estimates.
Self Portrait (Fright Wig)
Hammer Price with Buyer's Premium: 5,361,250 GBP
LOTS 13, 14, 15
Hatstand, Chair and Table
Estimate: 30,000 - 40,000 GBP each piece
Total Hammer Price with Buyer’s Premium: 2,587,750 GBP (combined total)
Hammer Price with Buyer's Premium: 3,177,250 GBP
World auction record for a work on paper by Andy Warhol
Hammer Price with Buyer's Premium: 1,609,250 GBP
World auction record for a print/set of prints by Andy Warhol
Hammer Price with Buyer's Premium: 1,071,650 GBP
Record for the artist at auction
LONDON, 22 May 2012 - The Evening Sale of the Gunter Sachs Collection brought an impressive total of £35,628,250 (US$ 56,353,203) - well above the pre-sale high estimate of £25 million.
With over 90 per cent of lots sold, 73 per cent of those achieved prices in excess of their pre-sale high estimates.
The top-selling lot of the night was one of Andy Warhol's last self-portraits, Self Portrait (Fright Wig), which sold for £5,361,250/US$ 8,479,889 (estimate £2-3 million).
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Impressionist & Modern Art Evening Sale
Impressionist & Modern Art Day Sale
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