Press Release  June 4, 2017

A Successful New Format

Lempertz newest auction format lempertz:projects, developed and organised by Isabel Apiarius-Hanstein, represents a successful new concept that has greatly enhanced this year’s contemporary art offer, with the sale’s estimates doubling by value.

The auction exclusively featured contemporary art from two corporate collections. It attracted a particularly young audience, whose presence was felt both in the tightly packed saleroom and in numerous international online bids.

As many of the works on sale were relatively fresh to the market, they were offered at correspondingly moderate estimates, which provided a perfect opportunity especially for young collectors looking to make a glittering entry to the art market.

The Argentinian artist Luis Felipe Noé achieved the greatest success and individual price for his large canvas “Meditacion Misionera”. The piece’s original estimate of €3,000 – 4,000 was driven to a grand total of €34,700 in a battle of bidders (lot 81, illustrated). A mixed media piece by the Luxembourg based artist Robert Brandy from 1991 was a further great success, rising from the estimate of €1,000 – 1,500 to achieve €14,900 (lot 20). A canvas painted around 1997 by the American artist Tom Christopher achieved €8,000 (lot 24, €3,000 – 4,000).   

A sequel to the promising new format is planned for September.

Subscribe to our free e-letter!

Webform

Latest News

The Louvre Is Still the World's Most Visited Museum, and More News
Discover the world's most popular museums in 2023, take a peek at sales at Art…
With Darkness Came Stars: A Conversation with Audrey Flack
On the occasion of the release of Audrey Flack's riveting memoir, With Darkness…
Artist Richard Serra, Known for His Monumental Steel Sculpture, Dies at 85
Richard Serra, who was known for his monumental steel structures that…
Dating Discrepancy in Damien Hirst's Formaldehyde Works Rocks Art World
The Guardian has published two reports raising questions about the authenticity…
Jamian Juliano-Villani's Gagosian Show Doesn't Give Easy Answers
Jamian Juliano-Villani's exhibition, 'It,' at Gagosian doesn't give easy…