LONDON, 26 JUNE, 2012 - Sotheby's Contemporary Art Evening Auction in London realised a total of £69,307,050 / $108,028,899 / €86,675,518, against an estimate of £57-82m / $89-128m / €71-103m. This figure brings the combined total for Sotheby’s Contemporary Art Auctions worldwide this year to $638.2 million, which represents 25% growth on the same period last year. The auction established extremely strong sell-through rates of 87.3% by lot and 93.4% by value, and 8% of the lots this evening were sold to clients new to Sotheby’s. Buyers from 15 countries participated in the sale, which also witnessed 21 works sell for over £1 million, and 26 for over $1 million; 8 works sold for over $4 million and 4 for more than £4 million.
The top-selling lot of the auction was Jean-Michel Basquiat’s Warrior, which realised £5,585,250 / $8,705,729, against a pre-sale estimate of £5-7 million.
Please note that the work has been included in the exhibitions below, which were not mentioned in the printed catalogue:
Rome, Parcheggio Villa Borghese, Contemporanea, 1973-4 New York, P.S.1 Museum, Pistoletto: Division and Multiplication of the Mirror, 1988, p. 63, illustrated Rome, Galleria Nazionale d'Arte Moderna, Michelangelo Pistoletto, 1990, p. 111, illustrated in colour Rome, Accademia di Francia, Incontri... dalla Collezione di Graziella Lonardi Buontempo, 2003, p. 131, illustrated
Please note that this work has been requested by the Centre for Contemporary Culture Strozzina at Palazzo Strozzi in Florence, for inclusion in the upcoming 'Traces of Time' exhibition planned for 5th October 2012 - 27th January 2013.
Please note that this work is signed with the artist's monogram.
This lot should have a double dagger symbol in the printed catalogue. The item will be sold under the "Temporary Admission Arrangement" and import VAT will be charged at 5% on the hammer price, although in appropriate circumstances the VAT may be cancelled or refunded. Please refer to the printed catalogue for further VAT information.
Please note that this work is signed, titled and dated 1997 on the reverse, and signed and dated 1997 on the stretcher.
Please note that this work is signed twice, titled and dated 1998 on the reverse.
Please note that this work is signed, titled, inscribed B-Sides and dated 1990-91 on the underside.
Please note the correct provenance is as below and not as printed in the catalogue:
Studio Marconi, Milan Private Collection, Italy (acquired from the above in 1966) Studio Marconi, Milan Private Collection, Brescia (acquired from the above in 1976) Sale: Sotheby's, London, Contemporary Art Evening Sale, 12 October 2007, Lot 30 Acquired directly from the above by the present owner
This work is also illustrated in colour in the following publication:
Domenico Pertocoli, Ed., Autobiografia di una galleria: Lo Studio Marconi 1965/1992, Milan 2004, pp. 8-9 illustrated in colour
The correct measurements for this lot are 55 by 45cm; 21.6 by 17.7 in, and not as stated in the catalogue.
Please note, this work will be included in the Catalogue Raisonne of Cy Twombly Drawings being prepared by Nicola Del Roscio
Please note that the present work is not signed by the artist, and not as stated in the catalogue.
Please note this work is signed and numbered 2/4 on the underside of each ball and that the media are bronze and wire cables, and not as stated in the catalogue. Additionally, the correct provenance for the work is:
Anthony d'Offay, London (acquired from the artist) The Pace Gallery, New York Acquired directly from the above by the present owner
Please note this work is also signed with the artist's monogram and dated 21.XII 88 on the front.
This Lot has been withdrawn from the sale.
Please note that this work is dated 2005 on a label affixed to the reverse.