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 LA Art Show Returns: NFTs, Tradition, & the Impacts of COVID
For the first time at a major art fair, NFT’s, a phenomenon spurred on by COVID…
Peter Blake: Time Traveller
This comprehensive survey show investigates the fundamentals of Blake’s…
10 Films About Art Worth Watching
Truly great films can be hard to come by, especially with the endless options…
Pace Presents Joel Shapiro's Sculptures in Expanded Seoul Gallery
Spanning two floors of the gallery, the presentation spotlights a selection of…
The NFT Art Market Explained & How to Participate Safely

Even if you can’t hold it in your hands, it is still art—at least, that…