Bigger than Banksy: Jenny Saville sets auction record

adminOctober 12, 2018

"Banksy eclipsed the week's biggest achievement," says Morgan Long, senior director of the consulting firm The Fine Art Group. In fact, the spectacle of a self-destructive canvas, orchestrated by a male artist, distracted a little the story made by the British painter Jenny Saville, who in the sale of Sotheby that same night became the most expensive female artist that was sold in an auction.

"Propped" (1992) – a monumental self-portrait with a feminist text reflected – was sold for £ 8.3 million (£ 9.5 million with fees, est £ 3m – £ 4m) on October 5. The painting was shown for the first time in the Saville degree program. at the Glasgow School of Art and appeared at the 1997 landmark Sensation Exhibition of the Charles Saatchi collection. He came to the auction on the heels of the artist's solo exhibition at the National Gallery of Modern Art in Scotland. The sale price remains uncomfortably below the highest paid by a live male artist ($ 58.4 million with fees for a Jeff Koons in 2013) but Saville deserves to start closing that gap.

Saville's painting was among the first tranche of 25 guaranteed items that were sold from the collection of late management consultant David Teiger, who purchased the painting at the Gagosian gallery in 2004. Together, his works reached an estimated total of £ 30.3m (£ 35.9m with fees).

In general, however, the auction season for contemporary art in London remained a bit flat, reflecting the now lower prices of the capital, which also seems to characterize the Frieze fairs that coincide. Christie's had more to lose: the field works valued between £ 88.3m and £ 126.7m on October 4 – and lost more. The total of his auction was £ 71.2m (£ 84.6m with charges), with important lots, including the "Cracked Egg (Blue)" by Jeff Koons (1994-2006), which have not been sold at what distributors they called "optimistic prices of 2015" (the Koons was estimated between £ 10m and £ 15m). The remaining 39 lots of Sotheby as a whole were also underestimated.

Meanwhile, nothing better than a sensational background story. Underline where the value really lies in the art market, that a semi-closed canvas will be worth more than an entire one. This will certainly be the case with Banksy's "Girl With Balloon" (2006), which now Sotheby & # 39; s has solved the problems related to its partial self-destruction on October 5.

Initially, the fate of the canvas, which reached London by 860,000 pounds, was in limbo, although on October 11 Sotheby & s announced that Pest Control, Banksy's authentication body, had certified it as a new job entitled "Love is in the trash," and that the buyer, described as a European collector, would go through the purchase. Alex Branczik, head of contemporary art at Sotheby's in Europe, called it "the first work of art in history that was created live during an auction".

It is still unknown if the auction house participated in the trick, although its experts insist that they were not. Steve Lazarides, a gallery owner who represented Banksy between 1997 and 2008, believes that Sotheby & # 39; s remained in the dark. "[Banksy] it's so contrary to the establishment that I can not see him at this point in his career to work in an auction house, "he says, adding that the entire process would have been" organized and rehearsed with military precision. "Lazarides notes that" Girl With Balloon "It was one of the pieces that initially sold for only £ 250." We used to refer to them as "street memories", "he says.

Milan's contemporary art merchant, Massimo De Carlo, who also has galleries in London and Hong Kong, is moving his Italian headquarters from an industrial space in Lambrate, east of Milan, to Casa Corbellini-Wassermann, an apartment building from the 1930s closer to the city. center. De Carlo, whose artists include Elmgreen & Dragset and Maurizio Cattelan, says that now that contemporary art has moved into the mainstream, galleries should be "exceptional places but no longer on the periphery of our daily lives. The format of the white cube gallery is over. " It plans to open in time for the Miart fair in the city (April 5 to 7, 2019).

& # 39; Arab Woman & # 39; (2006) by Shepard Fairey

More than 300 items from the collection of actor Robin Williams and his widow Marsha were sold for a total of $ 4.9 million ($ 6.1 million with fees, this is $ 3.2 million to $ 4.6 million) at Sotheby's in New York City. 4th of October. Among the watches, furniture and cinema and sports memorabilia were also some works of art, including the "Arab Woman" canvas by Shepard Fairey (2006), which was sold for its estimated $ 90,000 ($ 112,500 in fees) ). An over-the-top estimate was an undated watercolor that was part of the history of the 1997 Williams film Good Will of Hunting, painted by its director Gus Van Sant and enrolled in the actor, which sold for $ 72,000 ($ 90,000 with fees, est $ 1,000- $ 1,500).

Artist Grayson Perry has been open about the challenges of finding pieces he made in the 80s and early 90s, and in August he launched an appeal to the public before an exhibition at the Holburne Museum in Bath in 2020. Perry now is throwing its weight behind a free file application, developed by the Art360 Foundation and supported by the Design and Arts Copyright Society, which will be available on mobile devices such as Art360 as of Monday. Perry says: "If you plan to become a famous and successful artist, file everything because you will never know what will be useful for you … If you do not become famous there is always recycling … Or even shredding.

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