Financial markets may be fluctuating in the wake of the Brexit vote, but the art market showed its durability at Sotheby’s 28 June Contemporary Art Evening sale. Two artist records led the auction – Jenny Saville’s monumental Shift brought £6.8 million and Keith Haring’s The Last Rainforest which realised £4.2 million. The late-career painting was from the collection of noted fashion photographer David LaChapelle. Bidding was strong and competitive from the sale’s opening lots, notably Yayoi Kusama’s Infinity Nets (£677,000) and a buoyant Alexander Calder mobile (£1.7 million).
KEITH HARING, THE LAST RAINFOREST. SOLD FOR £4.2 MILLION.
Hammered down in succession was a trio of works by Jean Dubuffet that far exceeded their estimates, the highest price being £3.2 million for his Barbe de Lumière des Aveuglés of 1959. Bidders also snapped up two canvases by the sought-after painter Adrian Ghenie for £665,000 and £1.9 million; Sotheby’s now holds the top five prices for the artist at auction. Classic works by Sigmar Polke and Yves Klein also contributed to the £52.2 million total. See the full results here.