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AUCTION REVIEWS

Auction Reviews: Contemporary Art

By Judd Tully

Published: December 3, 2007
Christie’s had its own batch of Chinese offerings, like Fang’s Untitled, a 2001 painting of cheering figures (est. £150–200,000; $307–410,000), which sold to an Asian dealer on the phone for £782,100 ($1.6 million). Olyvia Kwok, of London’s Olyvia Oriental Gallery, was the underbidder.

Overall, it was a successful week for all three houses, but if the Chinese material were stripped away, the numbers wouldn’t appear quite so rosy.

Sotheby’s
68 lots offered
£34,865,300 ($70.7 million) sold total
17.8 percent unsold by value
16.2 percent unsold by lot

Phillips de Pury & Company
Contemporary art evening sale
121 lots offered
£23,106,800 ($46.9 million) sold total
8 percent unsold by value
16.3 percent unsold by lot
China Avant-Garde: the Farber Collection
45 lots offered
£10,147,440 ($20.6 million) sold total
0.5 percent unsold by value
11.1 percent unsold by lot

Christie’s
110 lots offered
£39,810,200 ($80.6 million) sold total
13 percent unsold by value
15 percent unsold by lot

"Auction Reviews: Contemporary Art" comes to ARTINFO from the December 2007 issue of Art & Auction magazine.

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