[ad_1]
Jenny Saville, Propped, 1992.
COURTESY SOTHEBY’S
In a salesroom at Sotheby’s in London on Friday night, Jenny Saville’s 1992 painting Propped sold for £9.54 million (about $12.4 million) with buyer’s premium added, more than double its high estimate of £4 million ($5.25 million).
That eight-figure result in U.S. dollars was high enough to set a new record for the work of a living female artist at auction, which was previously held by Cady Noland’s Bluewald (1989). That work sold for $9.8 million at Christie’s in New York in 2015.
The record for a living artist by a male remains far higher: that belongs to a Jeff Koons “Balloon Dog” sculpture that sold for $58.4 million at Christie’s New York in 2013.
And speaking about the market generally, the disparity between living male and female artists is even more staggering: at least one work by Jasper Johns is believed to have been traded privately for more than $100 million.
The 7-by-6-foot Saville was being sold from the collection of the late arts patron David Teiger to benefit a foundation he started to support the arts. Teiger had acquired it through Gagosian gallery in 2004. Prior to that, it was owned by collector Charles Saatchi.
[ad_2]
Source link