Monday, October 20, 2008

Auction Results - Phillips de Pury & Company, Contemporary Art, Evening Sale, London, October 18

My favorite lots didn't sell this weekend - withdrawn at auction - which is not unusual by itself, as many sellers (either private collectors or galleries) will place a minimum "reserve" amount during consignment, and if that amount isn't reached during live bidding, the piece is "bought in" or withdrawn and then returned to the seller. However, I was a bit surprised to see that most of these works didn't go:

Takashi Murakami, Tongan-kun
Estimate: 3,500,000 - 4,500,000 GBP
Withdrawn












Richard Prince, Untitled
Estimate: 100,000 - 150,000
Sold: 133, 250








Zhang Xiaogang, Bloodline Series: A Boy
Estimate: 200,000 - 300,000
Withdrawn










Joan Mitchell, La Grande Vallee XIII
Estimate: 2,000,000 - 3,000,000 GBP
Withdrawn












Donald Judd, Untitled, 1988
Estimate: 550,000 - 750,000
Withdrawn

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