lee3
New Member
Posts โข 832
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November 2009
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Sotheby's 10.17 Contemporary Art evening sale, by lee3 on Oct 17, 2008 18:45:57 GMT 1, The show begins in ~ 20 minutes and will be the first real indication of where the art market stands given the capitulation occuring in just about every other market in the world over the past month. This sale will set the tone for the next week which I'm looking forward too.
I'm fond of the Hodgkin, the warhol skulls & mona lisa, and the Banksy Queen Vic. Given the strength of the dollar, there could be more US buyers than usual at the London market since VAT isn't applicable which if the Kate Moss screen prints went for their low end, equates to $90k per print after premium but before artist resale rights. I'm going to enjoy watching this over lunch.
browse.sothebys.com/?browsesort=lot_sort_number&cat=1&count=100&dp=Contemporary+Art&event_id=28705&g=1&hp=&hpc=&i=1&nb=1&sale_id=L08024&u1=dp
Once the sale begins, you can watch results as they occur at the following link (when they list the sale).
www.sothebys.com/app/live/event/EventResultsLanding.jsp
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motor
Junior Member
Posts โข 1,836
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December 2006
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Sotheby's 10.17 Contemporary Art evening sale, by motor on Oct 17, 2008 18:49:25 GMT 1, Thanks Lee3. I've just poured myself a glass of Jack - so I am ready to watch. It should be really interesting.
Thanks Lee3. I've just poured myself a glass of Jack - so I am ready to watch. It should be really interesting.
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lee3
New Member
Posts โข 832
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November 2009
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Sotheby's 10.17 Contemporary Art evening sale, by lee3 on Oct 17, 2008 18:53:38 GMT 1, Motor:
I'm at work and your reply just isn't fair. I'd much prefer your style to sitting in an office over a chicken salad.
Motor:
I'm at work and your reply just isn't fair. I'd much prefer your style to sitting in an office over a chicken salad.
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samo
Junior Member
Posts โข 1,503
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October 2007
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Sotheby's 10.17 Contemporary Art evening sale, by samo on Oct 17, 2008 18:54:04 GMT 1, Thanks Lee. Looking forward to watch this.
Thanks Lee. Looking forward to watch this.
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motor
Junior Member
Posts โข 1,836
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December 2006
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Sotheby's 10.17 Contemporary Art evening sale, by motor on Oct 17, 2008 18:57:51 GMT 1, ;D
;D
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Sotheby's 10.17 Contemporary Art evening sale, by Daniel Silk on Oct 17, 2008 18:59:56 GMT 1, LOT 43 - BANKSY B. 1975 KATE MOSS 250,000โ350,000 GBP
LOT 47 - BANKSY B. 1975 QUEEN VICTORIA 250,000โ350,000 GBP
LOT 43 - BANKSY B. 1975 KATE MOSS 250,000โ350,000 GBP
LOT 47 - BANKSY B. 1975 QUEEN VICTORIA 250,000โ350,000 GBP
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rrrich
New Member
Posts โข 508
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March 2008
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Sotheby's 10.17 Contemporary Art evening sale, by rrrich on Oct 17, 2008 19:09:21 GMT 1, do the results come up at the end of the auction or continuous updates?
do the results come up at the end of the auction or continuous updates?
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lee3
New Member
Posts โข 832
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November 2009
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Sotheby's 10.17 Contemporary Art evening sale, by lee3 on Oct 17, 2008 19:13:21 GMT 1, do the results come up at the end of the auction or continuous updates?
Usually continuous updates. They tend to kick off 10-15 minutes after the scheduled open so hopefully it will be up and running by the time i return with my food.
do the results come up at the end of the auction or continuous updates? Usually continuous updates. They tend to kick off 10-15 minutes after the scheduled open so hopefully it will be up and running by the time i return with my food.
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:20:04 GMT 1, Really looking forward to this one. I feel it will be more positive than recent auctions.
Really looking forward to this one. I feel it will be more positive than recent auctions.
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Winter
Junior Member
Posts โข 7,138
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March 2007
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Sotheby's 10.17 Contemporary Art evening sale, by Winter on Oct 17, 2008 19:20:47 GMT 1, And they're off!
And they're off!
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afroken
Junior Member
Posts โข 1,018
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February 2009
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Sotheby's 10.17 Contemporary Art evening sale, by afroken on Oct 17, 2008 19:20:57 GMT 1, pretty dam good start!
pretty dam good start!
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skanky
New Member
Posts โข 887
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August 2007
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Sotheby's 10.17 Contemporary Art evening sale, by skanky on Oct 17, 2008 19:25:44 GMT 1, Is there not a live feed for this one ?
Is there not a live feed for this one ?
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:27:11 GMT 1, Session 1 1 - JOHN CURRIN 139,250
2 - ANTONY GORMLEY 193,250
3 - DAMIEN HIRST 115,250
6 - RASHID RANA 181,250
7 - SUBODH GUPTA 385,250
8 SUBODH GUPTA 313,250
9 RAVINDER REDDY 169,250
10 EL ANATSUI 349,250
11 - ANSELM REYLE 217,250
13 - FRED TOMASELLI 385,250
16 - JENNY SAVILLE 634,850
17 - GILBERT & GEORGE 241,250
Session 1 1 - JOHN CURRIN 139,250
2 - ANTONY GORMLEY 193,250
3 - DAMIEN HIRST 115,250
6 - RASHID RANA 181,250
7 - SUBODH GUPTA 385,250
8 SUBODH GUPTA 313,250
9 RAVINDER REDDY 169,250
10 EL ANATSUI 349,250
11 - ANSELM REYLE 217,250
13 - FRED TOMASELLI 385,250
16 - JENNY SAVILLE 634,850
17 - GILBERT & GEORGE 241,250
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lee3
New Member
Posts โข 832
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November 2009
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Sotheby's 10.17 Contemporary Art evening sale, by lee3 on Oct 17, 2008 19:33:03 GMT 1, I'm back and sad the Hodgkin passed. His work seems to move in waves up and down price wise and i thought that piece was a beauty. Certainly a very strong start all things considered though the big lots are yet to come. Maybe people trust tangibles more than anything else at the moment?
I'm back and sad the Hodgkin passed. His work seems to move in waves up and down price wise and i thought that piece was a beauty. Certainly a very strong start all things considered though the big lots are yet to come. Maybe people trust tangibles more than anything else at the moment?
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:33:39 GMT 1, Very strong results so far.
Very strong results so far.
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:35:13 GMT 1, 18 - ANTONY GORMLEY 577,250
20 - ANDY WARHOL 4,353,250
18 - ANTONY GORMLEY 577,250
20 - ANDY WARHOL 4,353,250
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:38:11 GMT 1, 23 - SUBODH GUPTA 241,250 24 - DAMIEN HIRST 825,250
Hirst result is 20% below low estimate.
23 - SUBODH GUPTA 241,250 24 - DAMIEN HIRST 825,250
Hirst result is 20% below low estimate.
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raiden
New Member
Posts โข 512
Likes โข 3
April 2008
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Sotheby's 10.17 Contemporary Art evening sale, by raiden on Oct 17, 2008 19:40:46 GMT 1, Sort of a half empty, half full moment right now.... Hirst sold at the low end of estimate when you consider the published price includes the buyers premium and the Warhol 'Skulls' sold way below estimate. (which really are the two best Urban market bell weathers that have come up at this point.)
On the flip side, pieces that don't really reflect the Urban art market have sold above estimate.
Sort of a half empty, half full moment right now.... Hirst sold at the low end of estimate when you consider the published price includes the buyers premium and the Warhol 'Skulls' sold way below estimate. (which really are the two best Urban market bell weathers that have come up at this point.)
On the flip side, pieces that don't really reflect the Urban art market have sold above estimate.
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Sotheby's 10.17 Contemporary Art evening sale, by graeme501 on Oct 17, 2008 19:40:50 GMT 1, all this talk of money has brought up the 'do u like 50cent yes/no' banner
all this talk of money has brought up the 'do u like 50cent yes/no' banner
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:42:02 GMT 1, 22 JEFF KOONS 217,250 23 - SUBODH GUPTA 241,250 24 - DAMIEN HIRST 825,250 25 DONALD JUDD 217,250 26 DAN FLAVIN 97,250 27 - SEAN SCULLY 505,250 28 - GERHARD RICHTER 2,841,250
22 JEFF KOONS 217,250 23 - SUBODH GUPTA 241,250 24 - DAMIEN HIRST 825,250 25 DONALD JUDD 217,250 26 DAN FLAVIN 97,250 27 - SEAN SCULLY 505,250 28 - GERHARD RICHTER 2,841,250
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lee3
New Member
Posts โข 832
Likes โข 1,289
November 2009
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Sotheby's 10.17 Contemporary Art evening sale, by lee3 on Oct 17, 2008 19:46:33 GMT 1, nothing really taking out the high estimates but a lot of stuff selling. imo, many of these estimates are very agressive so i'm not surprised nor would i say the mkt is cooling. 10 skulls for $7.5m = $750k per painting and these have been in a $600- $1.2m range per painting for about 2 years now. Nothing earth shattering but nowhere near the amount of buy ins i was concerned about.
nothing really taking out the high estimates but a lot of stuff selling. imo, many of these estimates are very agressive so i'm not surprised nor would i say the mkt is cooling. 10 skulls for $7.5m = $750k per painting and these have been in a $600- $1.2m range per painting for about 2 years now. Nothing earth shattering but nowhere near the amount of buy ins i was concerned about.
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afroken
Junior Member
Posts โข 1,018
Likes โข 29
February 2009
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Sotheby's 10.17 Contemporary Art evening sale, by afroken on Oct 17, 2008 19:47:29 GMT 1, Sort of a half empty, half full moment right now.... Hirst sold at the low end of estimate when you consider the published price includes the buyers premium and the Warhol 'Skulls' sold way below estimate. (which really are the two best Urban market bell weathers that have come up at this point.) On the flip side, pieces that don't really reflect the Urban art market have sold above estimate.
Did you expect inflation and record breaking prices in this sale? The fact that stuff is selling at these prices means the market is resilient in the face of extreme adversity.
Sort of a half empty, half full moment right now.... Hirst sold at the low end of estimate when you consider the published price includes the buyers premium and the Warhol 'Skulls' sold way below estimate. (which really are the two best Urban market bell weathers that have come up at this point.) On the flip side, pieces that don't really reflect the Urban art market have sold above estimate. Did you expect inflation and record breaking prices in this sale? The fact that stuff is selling at these prices means the market is resilient in the face of extreme adversity.
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:47:50 GMT 1, 29 - ANISH KAPOOR 385,250 30 YVES KLEIN 277,250 31 YVES KLEIN 385,250
29 - ANISH KAPOOR 385,250 30 YVES KLEIN 277,250 31 YVES KLEIN 385,250
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funster
Junior Member
Posts โข 2,256
Likes โข 0
October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:49:43 GMT 1, Sort of a half empty, half full moment right now.... Hirst sold at the low end of estimate when you consider the published price includes the buyers premium and the Warhol 'Skulls' sold way below estimate. (which really are the two best Urban market bell weathers that have come up at this point.) On the flip side, pieces that don't really reflect the Urban art market have sold above estimate. Did you expect inflation and record breaking prices in this sale? The fact that stuff is selling at these prices means the market is resilient in the face of extreme adversity.
IMO there's going to be an element of people wondering where their money is safe - stock market, no, banks, maybe no - art, maybe yes - and even if not, it's pretty!
Sort of a half empty, half full moment right now.... Hirst sold at the low end of estimate when you consider the published price includes the buyers premium and the Warhol 'Skulls' sold way below estimate. (which really are the two best Urban market bell weathers that have come up at this point.) On the flip side, pieces that don't really reflect the Urban art market have sold above estimate. Did you expect inflation and record breaking prices in this sale? The fact that stuff is selling at these prices means the market is resilient in the face of extreme adversity. IMO there's going to be an element of people wondering where their money is safe - stock market, no, banks, maybe no - art, maybe yes - and even if not, it's pretty!
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:50:20 GMT 1, 33 - ANSELM KIEFER 825,250 34 - FRANK AUERBACH 253,250 35 - FRANK AUERBACH 541,250
33 - ANSELM KIEFER 825,250 34 - FRANK AUERBACH 253,250 35 - FRANK AUERBACH 541,250
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:51:51 GMT 1, 36 - LUCIAN FREUD 229,250
Seems low to an untrained eye...
36 - LUCIAN FREUD 229,250
Seems low to an untrained eye...
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:53:16 GMT 1, 37 - ROY LICHTENSTEIN 193,250
ยฃ55k below low estimate.
37 - ROY LICHTENSTEIN 193,250
ยฃ55k below low estimate.
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raiden
New Member
Posts โข 512
Likes โข 3
April 2008
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Sotheby's 10.17 Contemporary Art evening sale, by raiden on Oct 17, 2008 19:53:28 GMT 1, So far 7 of 36 did not sell. For whatever reason, it won't let me pull the lots that did not sell - it just skips listing those numbers in the list if you'll notice. Cheeky.
Urban art bell weathers are doing lackluster. Albeit, the auction is going slightly better than I expected.
So far 7 of 36 did not sell. For whatever reason, it won't let me pull the lots that did not sell - it just skips listing those numbers in the list if you'll notice. Cheeky.
Urban art bell weathers are doing lackluster. Albeit, the auction is going slightly better than I expected.
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lee3
New Member
Posts โข 832
Likes โข 1,289
November 2009
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Sotheby's 10.17 Contemporary Art evening sale, by lee3 on Oct 17, 2008 19:54:41 GMT 1, Big ticket Richter didn't hammer
Big ticket Richter didn't hammer
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funster
Junior Member
Posts โข 2,256
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October 2006
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Sotheby's 10.17 Contemporary Art evening sale, by funster on Oct 17, 2008 19:55:36 GMT 1, 38 ROBERT RAUSCHENBERG 169,250 39 - ANDY WARHOL 959,650
38 ROBERT RAUSCHENBERG 169,250 39 - ANDY WARHOL 959,650
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