Ahead of the evening's star lot going under the hammer and setting a new European record for an artwork, the London summer sales opened with The Now Evening Auction, offering both established collectors and new audiences the opportunity to secure works by the art stars of the present and future. Among them, Adrian Ghenie, Mark Bradford and Caroline Walker, whose evocative and serene Red Sky Morning found a new buyer at £457,200. Addressing the outstanding demand for young and emerging artists from the figurative to the abstract, the sale saw auction records for Arthur Jafa and Michel Majerus, in an auction that goes from strength to strength.
Following the Now sale, The Modern and Contemporary Evening Auction opened to a crowded sale room, abuzz with anticipation and assembled under the watchful eye of Gustav Klimt’s Dame mit Fächer (Lady with a Fan). Appearing on the market for the first time in thirty years, the atmosphere reflected the rarity of the occasion.
Found on the easel in his studio at the time of his death, the captivating depiction of a nude figure reveals Klimt exploring a new approach to colour and form, resulting in a masterpiece by an artist at the height of his powers. After a ten-minute bidding battle between four clients on the phones and in the room, the painting soared to £85.3 million, setting a new auction record for a work of art in Europe, and also for Gustav Klimt. The result is also the second highest price for any portrait ever sold at auction.
Against the backdrop of a city-wide celebration of portraiture, heralded by the reopening of the National Portrait Gallery, the sale included a dedicated sequence of works surveying this genre through the ages, and placing the portrait centre stage. Face to Face presented a journey through more than 100 years of art history, celebrating not only the great masters of the 20th Century, but equally the innovators of the present day.
Tom Eddison, Senior Director of contemporary art, explains: “While the human image has been democratised in our age of iPhones and selfies, the tradition of portraiture runs deep and across many centuries”. Works by Lucian Freud, Kerry James Marshall and Leonor Fini displayed the breadth of creative dynamism in a discipline that has long captivated artists, from Rembrandt to Banksy.
- Mariko Finch
