Friday, May 13, 2005

Fantasy Auctions 2005 Update II

Picking up where I left off. Phillips' first session results are in, and I'm happy to report that I would have got one of the pieces I wanted in that session!

As you may recall, I had $610,000 to spend at Phillips. Agnes Martin's Stars went for only $486,400, so assuming I would have gotten it for $487,000 (yeah!), that leaves me with $123,000, which should get me a fair number of the items I wanted in the second session...we'll see.

Even without buying the Martin, I was never going to get close to the Kippenberger. Its low estimate was $600,000, and so unless I had spiked everyone's beverages with a very strong laxative timed to kick in just as that lot came up, there was no real chance. It sold for $1,024,000 (which is fine...I didnt' have room for it anyway, so there!).

Most of the lots went within their range, which probably means there ain't too much dancing over at Phillips, but a few artists did well enough to suggest they may be becoming new "ones to watch." Piotr Uklanski for example did very well. His 41-cprint piece entitled The Nazis had a high estimate of $70,000 but sold for well over twice as much ($168,000). And Jorge Pardo (a god in my book) did very well with his untitled silkscreen on canvas piece (see below), which with a high estimate $80,000 sold for $156,000. Go Jorge!


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