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  • Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction Analysis
  • Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction Analysis

Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction Analysis

July 5, 2015

Out of the Box: Contemporary Art Since 1990 Auction took place on Tuesday, June 30th 2015, at Dreweatts in London. Auction results aren’t impressive at all – only 35.6 percent of of lots offered were sold. The auction gathered only $759,153, despite the high estimate had been put on $2,849,871. The most expensive lots were Rodney Graham’s Inverted Drip Painting #25 and Julie Mehretu’s Untitled, sold for $101,408 and $78,006, respectively. The highest high estimate difference was achieved with the sale of Grayson Perry’s Another Motion in the Craft Versus Art Debate, topping the high estimate for 113.3 percent.

The Art of Rodney Graham

Rodney Graham’s conceptually original practice which includes photography, video, sculpture and installation has made him one of the most important artists working today, having exhibited extensively in museums worldwide over the last three decades. Apart from his career in contemporary art, Graham is also a musician. Graham represented Canada at the 47th Venice Biennale in 1997.

  • Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction Analysis

The Overview of Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction

Out of 101 lots offered at Dreweatts – Out of the Box: Contemporary Art Since 1990 auction, only thirty-six were sold, or 35.6 percent. Only three lots were sold over high estimate (8.3 percent of sold lots), while 13 lots were sold in range of estimated values (36.1 percent of sold lots). On the other hand, 20 lots, or 55.6 percent, were sold under low estimate. The highest hammer price was seen in the sale of Rodney Graham’s Inverted Drip Painting #25 and Julie Mehretu’s Untitled, sold for $101,408 and $78,006, respectively. Average hammer price of the auction has settled at $21,088, while median hammer was at $12,871.

Speaking of the most successful lots, we should mention Grayson Perry’s Another Motion in the Craft Versus Art Debate, Gerhard Richter’s Ifrit and Martin Creed’s Work No.172: An intrusion and a protrusion from a wall, that were sold for higher prices from their high estimates: Perry’s work had +113.3 percent, Richter’s work had +100, and Creed’s work had +25 percent difference. On the bottom side are Suling Wang’s Untitled, sold with -66.7 percent difference between hammer price and low estimate, followed by Eva Rothschild’s N.G.O (with -56.7 percent) and Marius Bercea’s Wild Waste (with -30 percent).

Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction Analysis
Herhard Richter – Ifrit (Lot 100). Estimated at $4,680-$7,801; sold for $4.680
Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction Analysis
Marius Bercea – Wild Waste (Lot 77). Estimated at $23,402 – $31,202; sold for $16,381
Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction Analysis
Christian Rosa – Hip-Hop (Lot 89). Estimated at $54,604-$70,205′ sold for $54,604
  • Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction Analysis

Dreweatts – Out of the Box: Contemporary Art Since 1990 Auction in Detail

Please, scroll down, and you will find two tables – one with the summary of the Dreweatts – Out of the Box: Contemporary Art Since 1990 auction; the second one with detailed information on every lot auctioned at this auction.

INDEXRESULT
Total number of lots:101
Number of sold lots:36
Sold lots [%]:35.6
Total [$]:759.153
Number of sold lots over high estimate:3
Over high estimate (Total) [%]:3
Over high estimate (Sold) [%]:8.3
Number of sold lots in range of estimated values:13
In range of estimated values (Sold) [%]:36.1
Number of sold lots under low estimate:20
Under low estimate (Sold) [%]:55.6
Results were under estimate spread of [%]:28.3
Max Hammer [$]:101.408
Average Hammer [$]:21.088
Median Hammer [$]:12.871
Median Hammer Average Hammer Difference [%]:-39
Lot No.Artist NameArtwork NameLow Estimate $High Estimate $Hammer Price $Hammer High Estimate Difference [%]Hammer Low Estimate Difference [%]
1Martin KippenbergerObjekt (Ich halt mich verschlossen), 198915.60123.402Not SoldNot SoldNot Sold
2Thomas GrünfeldSkulptur (Misfit III), 1989-916.2409.361Not SoldNot SoldNot Sold
3Grayson PerryAnother Motion in the Craft Versus Art Debate, c199315.60123.40249.924113.3220
4 Jeremy DellerI Love Melancholy, 199310.92114.04110.141-27.8-7.1
5 Jeremy DellerKeith Moon: A Retrospective, c19953.1204.6802.964-36.7-5
6 Martin CreedWork No.172: An intrusion and a protrusion from a wall, 199712.48118.72123.4022587.5
7Damien HirstBromoacetyl Chloride, 199631.20246.80426.522-43.3-15
8Shirazeh HoushiaryVesper, 19986.2409.361Not SoldNot SoldNot Sold
9Chris OfiliDouble Afro Head, 199915.60123.40223.402050
10 Chris OfiliSilver Moon, 200528.08239.003Not SoldNot SoldNot Sold
11 Chris OfiliHalf Moon (Blue), 200528.08239.003Not SoldNot SoldNot Sold
12 Bob & Roberta SmithThe Tems, 19992.3403.1202.028-35-13.3
13 Jonathan CallanShips Annual, 19991.5603.1201.170-62.5-25
14 Jonathan CallanPsychiatric Illness, 20001.5603.1201.326-57.5-15
15 Muntean & RosenblumUntitled, 200115.60123.402Not SoldNot SoldNot Sold
16 Gillian CarnegieBUM, 200215.60123.40215.289-34.7-2
17Philip AllenLarge Head and Animal, c20026.2409.361Not SoldNot SoldNot Sold
18 Eva RothschildMeta, 200454.60470.20554.604-22.20
19 Eva RothschildCactus, 200223.40231.20221.842-30-6.7
20 Eva RothschildN.G.O, 200746.80462.40520.282-67.5-56.7
21Hiroshi SugitoBridge 1 (diptych), 20025.4607.021Not SoldNot SoldNot Sold
22Rezi Van LankfeldHeaven, 2003624936Not SoldNot SoldNot Sold
23Rezi Van LankfeldLast Good Taste, 2003624936Not SoldNot SoldNot Sold
24 Wilhelm SasnalUntitled (Door), 200339.00354.604Not SoldNot SoldNot Sold
25 Conrad ShawcrossThe Winnowing Oar, 200318.72123.402Not SoldNot SoldNot Sold
26 Conrad ShawcrossEtymology, 200618.72123.40214.041-40-25
27 Mat CollishawPure Sensation, 200328.08239.00326.522-32-5.6
28 Paul McDevittCosmic, 20034.6807.801Not SoldNot SoldNot Sold
29 Michael BauerMonrose 5, 20046.2409.361Not SoldNot SoldNot Sold
30 Michael BauerMonrose 6, 20046.2409.361Not SoldNot SoldNot Sold
31 Michael BauerBiggie, 20046.2409.361Not SoldNot SoldNot Sold
32Adam BallReisen (Azure Glory), 2003-44.6807.8014.680-400
33 Ricky SwallowStanding Figure, 201215.60123.40215.601-33.30
34 Ricky SwallowSnake/Helmut Study (Red), 20043.1204.680Not SoldNot SoldNot Sold
35 Ricky SwallowSnake/Helmut Study (Green), 20043.1204.680Not SoldNot SoldNot Sold
36 Ricky SwallowSkull/Pipe, 20043.1204.680Not SoldNot SoldNot Sold
37 Ricky SwallowPortrait of Paul Thek, Palermo Catacombs, 20053.1204.680Not SoldNot SoldNot Sold
38 Ricky SwallowSelf-Portrait (After Manet), 20053.1204.6802.496-46.7-20
39BanksyLenin on Rollerblades, 200378.006109.208Not SoldNot SoldNot Sold
40 Varda CaivanoUntitled, 20049.36112.4817.801-37.5-16.7
41 Varda CaivanoUntitled, 20059.36112.48111.701-6.225
42 Matthew BrannonProcrastination is never innocent, 200515.60123.402Not SoldNot SoldNot Sold
43 Nigel CookeFood, 2005156.012234.018Not SoldNot SoldNot Sold
44 Anna Sew HoyVioletnoir, 20049.36112.481Not SoldNot SoldNot Sold
45 Anna Sew HoyBrown Buckle12.48118.721Not SoldNot SoldNot Sold
46Inka EssenhighUntitled (Pink and Brown), 20002.3403.120Not SoldNot SoldNot Sold
47 Pablo BronsteinStage Design (after Bibiena), 200512.48118.721Not SoldNot SoldNot Sold
48Thomas HelbigNiederkunft, 20053.1204.680Not SoldNot SoldNot Sold
49 Adam PendletonAmerican Negro History Vol.II: The Frederick Douglass Years, 200515.60123.402Not SoldNot SoldNot Sold
50Suling WangUntitled, 20059.36112.4813.120-75-66.7
51 Suling WangUntitled, 20059.36112.481Not SoldNot SoldNot Sold
52Brett Cody RogersSatellite (mirror), 20051.5602.340Not SoldNot SoldNot Sold
53 Tony SwainCompass Concoction Bearings, 20056.2409.361Not SoldNot SoldNot Sold
54 John StezakerFilm Portrait (Incision) VII, 20057.80110.9216.240-42.9-20
55 John StezakerFilm Portrait (Incision) VIII, 20057.80110.9216.240-42.9-20
56Michael LandyH.2.N.Y (Two drawings), 20062.3403.1202.184-30-6.7
57 Julie MehretuUntitled, 200678.006109.20878.006-28.60
58Oliver CleggUntitled, c20064.6807.801Not SoldNot SoldNot Sold
59Oliver CleggUntitled, c20064.6807.801Not SoldNot SoldNot Sold
60 Nicole WermersKatzensilber XVI, 20066.2409.361Not SoldNot SoldNot Sold
61 Djordje OzboltStranger in a strange land, 20067.80110.921Not SoldNot SoldNot Sold
62 Djordje OzboltReturn to sender, 20067.80110.921Not SoldNot SoldNot Sold
63 Djordje OzboltBored to Death, 20067.80110.921Not SoldNot SoldNot Sold
64 Marvin Gaye ChetwyndGold Animal Audience, 20065.4607.0217.021028.6
65 Thomas HelbigNachwelt, 200610.92114.041Not SoldNot SoldNot Sold
66Angus FairhurstSingle Page Spread, 20066.2409.3614.680-50-25
67Richard WathenDomain, 200628.08239.003Not SoldNot SoldNot Sold
68 Katy MoranRichelle, 20077.80110.92110.921040
69 Steven ClaydonA Monopoly on Posterity (Battering Ram), 20077.80112.481Not SoldNot SoldNot Sold
70 Will FowlerCoins of No Realm, 200710.92114.041Not SoldNot SoldNot Sold
71 Karl HaendalMazel Tov, 200728.08239.003Not SoldNot SoldNot Sold
72 Karen KilimnikThe friendly swarm of butterflies outside the tent in Egypt, 200731.20246.804Not SoldNot SoldNot Sold
73Charming BakerPanda, 200828.08234.32334.323022.2
74 Rodney GrahamInverted Drip Painting #25, 2008109.208140.411101.408-27.8-7.1
75 Trudy BensonFuzzy Rug, 200910.92114.041Not SoldNot SoldNot Sold
76Gavin TurkI.C. Andy, 20094.6807.8014.680-400
77 Marius BerceaWild Waste, 201023.40231.20216.381-47.5-30
78 Frederic KunathStrange Fires, 200854.60470.205Not SoldNot SoldNot Sold
79 Frederic KunathNever Again, Again, 201046.80462.405Not SoldNot SoldNot Sold
80 Dan ReesA good idea is a good idea (William Scott), 201110.92114.041Not SoldNot SoldNot Sold
81 Dan ReesArtex Painting, 201243.68354.604Not SoldNot SoldNot Sold
82 Eddie PeakeGoons, 201239.00354.604Not SoldNot SoldNot Sold
83 Mark FloodAnother Painting, 201223.40231.202Not SoldNot SoldNot Sold
84 Rasvan BoarNebula, 20129.36112.481Not SoldNot SoldNot Sold
85Charming BakerNebraska Webcam, 201223.40231.20226.522-1513.3
86 Oscar MurilloUntitled, 2012156.012234.018Not SoldNot SoldNot Sold
87 Mary RamsdenUntitled, 20124.6806.240Not SoldNot SoldNot Sold
88 Mary RamsdenUntitled, 20134.6806.240Not SoldNot SoldNot Sold
89 Christian RosaHip-Hop, 201354.60470.20554.604-22.20
90 Christian RosaUntitled, 201470.205101.408Not SoldNot SoldNot Sold
91 James KroneWaterfront Screen, 20139.36112.481Not SoldNot SoldNot Sold
92 Graham CollinsRed Painting, 201418.72123.402Not SoldNot SoldNot Sold
93 Landon MetzUntitled, 201415.60123.402Not SoldNot SoldNot Sold
94 Darren GoinsThriller, Intelligencer, ad-libber, 201412.48118.721Not SoldNot SoldNot Sold
95 Gabrielle de SantisSnooooooooop, 201431.20239.003Not SoldNot SoldNot Sold
96 Dean LevinUntitled, 201418.72123.402Not SoldNot SoldNot Sold
97 Petra CortrightFrigidity Cure Randy Pills, 201439.00354.604Not SoldNot SoldNot Sold
98 Mario NubauerTWM04, 20147.80110.921Not SoldNot SoldNot Sold
99 Oliver MarsdenFade III, 201410.92114.041Not SoldNot SoldNot Sold
100Gerhard RichterIfrit, 20144.6807.8014.680-400
101Peter DoigUntitled, 201523.40231.20262.405100166.7
TOTAL:2.042.6552.849.871759.153-73.4-62.8
TOTAL (Sold lots):719.993978.975759.153-22.55.4

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Featured Images:

Jeremy Deller – I Love Melancholy (Lot 4)

Eddie Peake – Goons, detail (Lot 82)

Image in Slider: Steven Claydon – A Monopoly on Posterity (Battering Ram), detail (Lot 69)

All Images courtesy of Dreweatts.