[funster]

41 - JEAN-MICHEL BASQUIAT
1,609,250
42 - ANDY WARHOL
343,250

[giiiant]

kates didnt sell

[raiden]

Sell! Sell! Sell! The first Banksy didn't go! The sky is falling, urban art is doomed!

[lee3]

Moss prints were passed over

[funster]

Not surprised. Banksy was so yesterday.

[funster]

41 - JEAN-MICHEL BASQUIAT
1,609,250
42 - ANDY WARHOL
343,250
44 - DAMIEN HIRST
361,250
45 - TAKASHI MURAKAMI
205,250

[giiiant]

queen vic £277k

[funster]

Saved by 2nd Banksy - £277k - almost a record.

[lee3]

I believe that is Banksy's first sale at an evening auction.

[Daniel Silk]

Oct 17, 2008 20:01:16 GMT 1 @giiiant said:

queen vic £277k

VERY respectable price!

£277,250

[funster]

Nice purchase Steve, will look great on the wall

[funster]

47 - BANKSY
277,250
49 - MATTHIAS WEISCHER
337,250

[raiden]

Yeah, my thoughts exactly. Lazarides was like wtf... my bread winner. I better get out the wallet before this goes into free fall.

[lee3]

Warhol's `Skulls' Silkscreen Sells for 4.4 Million Pounds
2008-10-17 18:54:56.100 GMT


By Scott Reyburn and Katya Kazakina
Oct. 17 (Bloomberg) -- An Andy Warhol artwork consisting of 10 silkscreen paintings of skulls sold tonight at Sotheby's in London for a below-estimate 4.4 million pounds ($7.6 million) with fees.
The 6-foot-4-inch-high Warhol, one of 10 works in the auction whose sellers had been guaranteed a minimum price by New York-based Sotheby's, was bought by New York collectors Jose and Alberto Mugrabi. The work had been estimated to fetch 5 million pounds to 7 million pounds.
``Skulls'' had been assembled in 1976 by the Zurich art dealer Thomas Ammann, who conceived the project of a complete catalog of Warhol's works. The seller of the piece had acquired it directly from Ammann, and it had never appeared at auction before, said Sotheby's.
The price is a record for a Warhol skull silkscreen. The previous high was the 1.2 million pounds paid at Christie's International, London, for ``Six Skulls,'' also dated 1976, according to the saleroom result tracker Artnet.
The sale represents the first major test of the art market during the worst financial crisis since the Depression. Dealers said declines in stock markets and economic growth could cut prices of contemporary art before New York auctions in November, especially if Russian buyers who have propped up sales stay away.
A survey of U.K. valuers said the Damien Hirst auction last month might have marked the top of the art market.
Sotheby's said before the sale that it expected to raise at least 30.6 million pounds from 64 lots.
Last October, the equivalent auction at Sotheby's totaled
34.9 million pounds with fees, in line with estimates. On that occasion, 84 percent of the material sold.

[funster]

Interesting info Lee.

[funster]

49 - MATTHIAS WEISCHER
337,250
50 - MARTIN KIPPENBERGER
145,250
52 - ZHANG HUAN
199,250
54 JUAN MUÑOZ
229,250

[lee3]

Also, i've got a friend texting me stating that a couple lots were withdrawn from the sale so they would show as bought in on this page untill i see the full report tomorrow.

[funster]

55 - RACHEL WHITEREAD
109,250
56 - ANISH KAPOOR
145,250

Anish seems to be doing well. Heard him on Radio 4 the other day talking about Rothko and he seemed like a level headed guy.

[funster]

Oct 17, 2008 20:10:03 GMT 1 lee3 said:

Also, i've got a friend texting me stating that a couple lots were withdrawn from the sale so they would show as bought in on this page untill i see the full report tomorrow.

I'm sure you work for the CIA - although your contacts seem too good!

[funster]

62 - ANSELM KIEFER
361,250
63 - FRANZ WEST
97,250

[worlddomination]

Go Go Banksy, bye bye doubting Thomas's, very respectable result.

[afroken]

22 million all in all. 8 million less than the sale estimate, but hardly what you could call a crash

[funster]

All things considered I think this has to been seen as a good result.

[worlddomination]

Oct 17, 2008 20:16:36 GMT 1 funster said:

All things considered I think this has to been seen as a good result.

A very good result, he's held his own with some very notable company indeed. Hold on to your Banksy's folks.

[pezlow]

That queen vic was a real stunner as well. Looked superb in the flesh. The Kate's didn't sell but the condition of some of them wasn't great - one had a dirty great crease.

[lee3]

Sotheby's was 25% light on their estimate so one could begin to argue the Hirst sale was the top. Though, to be fair, if that Richter painting had found a buyer most of that delta would evaporate. A so so auction comparatively imo with the work Christie's is offering for sale on Sunday night.

Christie's is looking for £40m on Sunda plus Richter and Fontana estiamte upon request so call it £50m. That sale is BY FAR the strongest collection of work for sale over the next week and i've got a link to it below. i think PdP is tomorrow though i don't follow them as closely and will probably check those results on Sunday.

www.christies.com/LotFinder/searchresults.aspx?intSaleID=21538#action=refine&intSaleID=21538&sid=ed03128f-b028-46d4-959c-9f1db381083a

If I had to guess, Christie's will have success Sunday night and probably every other sale over the next week will come in a bit light based upon the results of this sale. Interesting and pretty cool for Banksy at his age to have the Queen Vic sold in an evening sale though I get the impression he loathes this stuff anyway.

[lee3]

>>> The Kate's didn't sell but the condition of some of them wasn't great - one had a dirty great crease<<<

Pez, did you see this in the flesh or was that something you heard? I'm stunned that Sotheby's would offer any print set in an evening sale that wasn't pristine. We're talking the best of the best here, that's pretty surprising to me if so as it was the only collection of prints offered in the sale. Christie's is offering a set of Warhol Mao's in their evening sale so those are the only 2 artist's that either house welcomed in that format which that alone should be a strong indication of their condition.

[ilikekittens]

Oct 17, 2008 20:04:41 GMT 1 raiden said:

Yeah, my thoughts exactly. Lazarides was like wtf... my bread winner. I better get out the wallet before this goes into free fall.

Often wondered that - was he there ?

[pezlow]

Oct 17, 2008 20:38:50 GMT 1 lee3 said:

>>> The Kate's didn't sell but the condition of some of them wasn't great - one had a dirty great crease<<<

Pez, did you see this in the flesh or was that something you heard? I'm stunned that Sotheby's would offer any print set in an evening sale that wasn't pristine. We're talking the best of the best here, that's pretty surprising to me if so as it was the only collection of prints offered in the sale. Christie's is offering a set of Warhol Mao's in their evening sale so those are the only 2 artist's that either house welcomed in that format which that alone should be a strong indication of their condition.

Yup saw them in person. There was a significant crease on the border of one and a couple of the others had smaller dints. This showed up quite significantly because they were framed in perspex. Bear in mind though that these prints were editions of 20 so it is extremely rare to offer a set of them for auction.

[motor]

Sotheby's day Sale in progres:
www.sothebys.com/app/live/lot/LotResultsDetailList.jsp?event_id=28706&sale_number=L08026

306 - BANKSY
97,250
313 - FAILE
12,500
315 - BANKSY
58,850
324 - BANKSY
26,250