The Phillips London 20th Century & Contemporary Art Evening Sale is scheduled on March 8, 2018. This sale offers an exceptional selection of works by some of the most important and sought-after artists. The auction boasts a masterpiece from Pablo Picasso
’s 1932 series depicting his muse Marie-Thérèse Walter as a reclining odalisque. The sale also features an extraordinary work by Rudolf Stingel
’s progressive form of opulent abstraction, a result of the artist’s experimentation with collective participation, gesture and material qualities. “Untitled” is one of only 12 panels created by the acclaimed artist in this size. The sale also features outstanding works by Mark Bradford
, Henri Matisse
, Marlene Dumas
, Georg Baselitz
, Jean Dubuffet
, Andy Warhol, Jean-Michel Basquiat and Yves Klein.
At the same auction last year, Phillips London realized a total sale of £14.7 million with 30 lots. This year, the auction is expected to realize a sale of between £51 million and £73 million and there are 50 works of 43 artists on offer. Blouin Artinfo takes this opportunity to present numerical insights of this upcoming auction.
Analytical Insights powered by BASI (Blouin Art Sales Index):
• Past Auction at a glance. How the 20th Century & Contemporary Art Evening Sale have performed in the past and the artists who have been on top in the last year.
• Lots on Offer in various estimated low price bands (in GBP).
• Top artists by estimated sales in the upcoming auction.
• Top artworks on offer by estimated sale.
• Pablo Picasso, Rudolf Stingel and Georg Baselitz — Sale Price of similar sized artworks in the last 5 years.
1. Past Auctions at a glance:
The sales in the last 4 years have seen an upward trend until 2016 (at £19 million). 2017 saw a low point at £14.7 million. This year, we expect sales to cross last year’s mark. In last year’s sale, out of 30 lots on offer, 23 percent lots were bought-ins.
Performance of Top Artists (in this sale) in the last year
Rudolf Stingel was the top artist of 2017 sale realizing a total sale of £3.5 million with 2 lots. The sale performance of the top artists in the last year is shown in the graph above.
2. Upcoming Auction on March 8, 2018
2.1 # of Lots on Offer in various estimated low price bands (in GBP)
Most (38) of the artworks in this sale are offered in the estimated price band £100K to £500K. There are about 8 lots (7 artists) in this auction that are expected to sell in the price range £500K to £1 million.
3. Top Artists on Offer by Estimated Sales
The graph above shows the top artists featuring in this auction, their number of lots on offer and expected sales (estimated low and high). Damien Hirst has the most artworks (3) in this sale followed by Lucio Fontana.
4. Top Artworks on Offer by Estimated Sales
Other top artworks on offer by estimated price (high and low) are presented in the graph below.
Pablo Picasso’s “La Dormeuse” is expected to be the top-selling artwork of this auction, estimated to sell for between £12,000,000 and £18,000,000. The other top artworks on offer are: “Helter Skelter I” by Mark Bradford that is expected to sell for between £6,000,000 and £8,000,000 and Henri Matisse’s “Nu allongé I (Aurore)” that is expected to sell for between £5,000,000 and £7,000,000.
5. Sale of Similar Sized Artworks of the Top Artists
Pablo Picasso: Sale Price of similar sized artworks in the last 5 years (across all auctions)
“La Dormeuse” by Pablo Picasso is the expected top lot on offer that is estimated to sell for between £12,000,000 and £18,000,000. The prices at which similar sized artworks (130 x 162 cm) of Pablo Picasso sold in the last 5 years (2012 to 2017) are shown here.
Size: 130 x 162 cm
Medium: oil and charcoal on canvas
Executed in 1932
At one end of the spectrum, artworks of similar size (130 x 162 cm) have sold for as high as $106 million, and at the other end, there are others that have sold for as low as $6 million.
Rudolf Stingel: Sale Price of similar sized artworks in the last 5 years
“Untitled” by Rudolf Stingel is one of the top artworks on offer, estimated to sell for between £4,000,000 and £6,000,000. The prices at which similar sized artworks (240 x 240 cm) of Rudolf Stingel sold in the last 5 years (2012 to 2017) are shown here.
Medium: electroformed copper, plated nickel and gold
Size: 240 x 240 cm
Executed in 2012
At one end of the spectrum, artworks of similar size (240 x 240 cm) have sold for as high as $2 million and at the other end, there are others that have sold for as low as $581,000.
Georg Baselitz: Sale Price of similar sized artworks in the last 5 years
“P.D. Idol” by Georg Baselitz is also one of the top artworks on offer, estimated to sell for between £1,500,000 and £2,000,000. The prices at which similar sized artworks (101 x 82 cm) of Georg Baselitz sold in the last 5 years (2012 to 2017) are shown here.
signed ‘G. Baselitz’ lower left; further signed and titled ‘G. Baselitz “P.D. Idol”’ on the reverse
Medium: oil on canvas
Size: 101 x 81.5 cm
Executed in 1964
At one end of the spectrum, artworks of similar size (101 x 82 cm) have sold for as high as $1.8 million and at the other end, there are others that have sold for as low as $5,826.