Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Top ListsLorenzo Pereira

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  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers
  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

We saw some truly exciting auctions since the beginning of the summer season. Those claiming that interesting auctions are taking place only during the spring season should definitely take a look at some of this summer’s auction houses’ sales. And we are not just talking about Sotheby’s or Christie’s, but other auction houses as well, such as Bonhams or Artcurial. When we talk about the most successful lots, we are not referring only to the sales of artworks that achieved highest hammer prices, but also about artworks that were sold way above their high estimates. And when we focus on those works that were sold way above their high estimates, there are some quite remarkable outcomes that we are going to present in this article.
 

Those works that were sold way above their high estimates at summer auctions 2015 are true winners of these auctions. The majority of these artwork winners of summer auctions were sold during the Contemporary Art Day Auction, held at Sotheby’s London, on July 2 2015. This auction gathered £17,615,875, but it also saw some amazing sales, particularly of works by Lucian Freud and Gerhard Richter. Another interesting auction with lots of sales that topped high estimates was British Master Prints auction at Bonhams London, held on June 17 2015. Some 37.7 percent of sold lots were sold over high estimate, which is quite a good result, and the auction itself gathered $930,875. There were a number of amazing sales at summer auctions 2015, but let us take a look at the winners and list 10 sales with large over high estimate hammers.

 

Images in Slider:

Lucian Freud – Cache Of Seven Letters From Lucian Freud To Stephen Spender, detail (courtesy of Sotheby’s)

Harry Nadler – Labyrinth II Series, detail (courtesy of Sotheby’s)

 

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Lucian Freud - Cache Of Seven Letters From Lucian Freud To Stephen Spender

Among collectors, Lucian Freud is certainly one of the most popular contemporary artists. His works are often examining the complex relationship between the artist and the model. The most recognized works by this British artist are those that focus on portraits and nudes, which he often depicted in arresting close-up. When a series of works with the common title Letters From Lucian Freud To Stephen Spender were revealed, it provoked a lot of speculations about artist’s sexuality. The piece Cache Of Seven Letters From Lucian Freud To Stephen Spender was put on sale at Contemporary Art Day Auction, held at Sotheby’s London, on July 2 2015. Estimated at $3.124-$4.685, it was sold for $140.563. Unexpected result, indeed! The hammer price topped the high estimate for breathtaking 2900.3 percent.

 

Featured Image: Lucian Freud – Cache Of Seven Letters From Lucian Freud To Stephen Spender, detail (courtesy of Sotheby’s)

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Lucian Freud - Letter From Lucian Freud To Stephen Spender

As we already mentioned, when a series of works with the common title Letters From Lucian Freud To Stephen Spender was reveled, it provoked a lot of speculations about Lucian Freud’s private life. We do not know a lot about Freud’s teenage years, but it seems that his friendship with Stephen Spender was more than pure platonic love. This disclosure was a bit surprising, since it is a known fact that Freud had a large number of female lovers (some rumors say he had some 500 female lovers). Nevertheless, these letters were extremely popular during Contemporary Art Day Auction, held at Sotheby’s London, on July 2 2015. Letter From Lucian Freud To Stephen Spender (as a lot 204) was estimated at $12.494-$18.742, and was sold for $421.689, which means that the difference between the hammer price and high estimate was 2150 percent.

 

Featured Image: Lucian Freud – Letter From Lucian Freud To Stephen Spender, detail (courtesy of Sotheby’s)

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Lucian Freud - Letter From Lucian Freud To Stephen Spender

Lucian Freud’s Letter From Lucian Freud To Stephen Spender, again, is the third on the list of winners of summer auctions 2015. The buyers at Contemporary Art Day Auction, held at Sotheby’s London, on July 2 2015 might had been romantic, or they simply calculated (quite well, without any doubts), that these Freud’s pieces will have much higher value in the coming period. However, Letter From Lucian Freud To Stephen Spender (as a lot 203) was estimated at $12.494-$18.742, and was sold for $390.453, topping the high estimate for 1983.3 percent.

 

Featured Image: Lucian Freud – Letter From Lucian Freud To Stephen Spender, detail

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Richard Hamilton - Oculist Witness

An amazing sale was seen at British Master Prints auction at Bonhams London, held on June 17 2015. Richard Hamilton’s Oculist Witness was estimated at $1,590 – $2,385, and sold for $36,567, or with incredible +1433.3 percent difference between hammer price and high estimate. This amazing Hamilton’s piece was created as reconstruction of Duchamp’s famous 1915 work The Bride Stripped Bare by her Bachelors, Even also known as The Large Glass for the Tate Gallery Duchamp retrospective.

 

Featured Image: Richard Hamilton – Oculist Witness, detail (courtesy of largeglass.co.uk)

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Lucian Freud - Letter From Lucian Freud To Stephen Spender

Lucian Freud’s works are (apparently) the winners of the major summer auctions 2015. This is the fourth Freud’s piece on our list, and again it is the Letter From Lucian Freud To Stephen Spender. This piece was listed as a lot number 201 at Contemporary Art Day Auction, held at Sotheby’s London, on July 2 2015. Estimated at $15.618-$23.427, it was sold for $327.980, topping the high estimate for 1300 percent.

 

Featured Image: Lucian Freud – Letter From Lucian Freud To Stephen Spender, detail  (courtesy of Sotheby’s)

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Harry Nadler – Labyrinth II Series

Sotheby’s New York hosted very successful auction Contemporary Curated Auction, held on June 10 2015. The auction gathered $4,009,100, while 62.7 percent of lots offered were sold. The most successful lot was the lot number 123, or Harry Nadler’s Labyrinth II Series. This amazing painting was estimated at $1.000-$1.500, and it was sold for $14.000, which is quite impressive result. The difference between hammer price and high estimate was an incredible 833.3 percent.

 

Featured Image: Harry Nadler – Labyrinth II Series, detail  (courtesy of Sotheby’s)

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Kees Van Dongen Et Divers Illustrateurs - 8Ème Gala De L'Union Des Artistes

Quite interested results were seen at mixed auction that took place at Arcurial Paris, on June 3 2015, named Prints and Illustrated Books. Prints and Illustrated Books sold more than 80 percent of lots, gathering more money than the sum of high estimates for sold items. Remarkable results were achieved during this auction, but when it comes to difference between hammer prices and high estimated, the winner was 8Ème Gala De L’Union Des Artistes by Kees Van Dongen Et Divers Illustrateurs. Estimated at $561-$786, this piece was sold for $6.399. topping the high estimate for 714.1 percent.

 

Featured Image: Kees Van Dongen Et Divers Illustrateurs – 8Ème Gala De L’Union Des Artistes, detail (courtesy of Artcurial)

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Gerhard Richter - Haggadah (P2)

The works by Gerhard Richter were not as popular as expected at major summer auctions 2015, since many of them remained unsold. However, this doesn’t mean Richter didn’t achieve some remarkable results. At Contemporary Art Day Auction, held at Sotheby’s London, on July 2 2015, Richter’s Haggadah (P2) was a clear winner. The piece was estimated at $6.247-$9.371, and it was sold for $74.967, which is +700 percent difference between hammer price and high estimate. The title of this painting refers to the Jewish text which sets forth the instructions for Passover. The ambiguity of this title reflects a part of Richter’s mystery; the present work revealing various intricate layers which hint at aspects of figuration and three-dimensionality whilst remaining wholly abstract.

 

Featured Image: Gerhard Richter – Haggadah (P2), detail (courtesy of Sotheby’s)

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

George Barris - Marilyn Monroe ‘The Seven Year Itch’ (Das verflixte siebente Jahr)

Photographica auction took place at WestLicht auction house in Vienna, Austria, on June 12 2015, and it saw some quite interesting results. Truly beautiful photographs were put on sale, but the winner of this auction was George Barris and his Marilyn Monroe ‘The Seven Year Itch’ (Das verflixte siebente Jahr). This photograph depicts the legendary Marilyn Monroe. Estimated at $1.577-$1.802, it was sold for $13.517, which is +650 percent difference between hammer price and high estimate.

 

Featured Image: George Barris – Marilyn Monroe ‘The Seven Year Itch’ (Das verflixte siebente Jahr), detail (courtesy  of WestLicht)

  • Winners of Summer Auctions 2015: 10 Sales With Large Over High Estimate Hammers

Patrick Caulfield - Sweet Bowl

Prints and Multiples auction at Bonhams London took place on June 3 2015, with some quite impressive results. The auction managed to gather $352.257 and to top the sum of high estimates of sold lots for 16.6 percent. But, the winner of the auction was Patrick Caulfield’s Sweet Bowl. Estimated at $923-$1.230, it was sold for $8.919, topping the high estimate for 625.1 percent.

 

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Featured Image: Patrick Caulfield – Sweet Bowl

All Images used for illustrative purposes only.

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