{"id":427,"date":"2008-05-15T11:45:57","date_gmt":"2008-05-15T18:45:57","guid":{"rendered":"http:\/\/bigjimindustries.com\/wordpress\/index.php\/2008\/05\/bacon-brings-most-pork-ever-at-auction\/"},"modified":"2008-05-15T09:23:04","modified_gmt":"2008-05-15T16:23:04","slug":"bacon-brings-most-pork-ever-at-auction","status":"publish","type":"post","link":"https:\/\/bigjimindustries.com\/wordpress\/2008\/05\/15\/bacon-brings-most-pork-ever-at-auction\/","title":{"rendered":"Bacon Brings Most Pork Ever at Auction"},"content":{"rendered":"

from the New York Times<\/a><\/span><\/p>\n

Bacon Triptych Auctioned for Record $86 Million<\/nyt_headline><\/h1>\n

By\u00a0CAROL VOGEL<\/a><\/p>\n

A 1976 triptych by\u00a0Francis Bacon<\/a>\u00a0brought $86.3 million on Wednesday night at Sotheby\u2019s, becoming the most expensive work of contemporary art ever sold at auction and a retort to doomsayers who had predicted that the art market would falter seriously this season because of broad economic anxieties.<\/p>\n

\u201cRecession? What recession?\u201d Barbara Gladstone, a Chelsea dealer, said jokingly as she was leaving the salesroom.<\/p>\n

<\/p>\n

Sotheby’s\/Associated Press<\/font><\/p>\n

Although the sale had top-quality art and dealers predicted it would be a success, it went well beyond even the auction house\u2019s expectations, bringing in $362 million, above the sale\u2019s high $356 million estimate. Only 10 of the 83 works failed to sell, and 18 artist records were set for names ranging from Yves Klein and Piero Manzoni to Tom Wesselmann and\u00a0Takashi Murakami<\/a>.<\/p>\n

By far the most exciting moment of the evening was when \u201cTriptych,\u201d Mr. Bacon\u2019s comment on his own angst \u2014 a vast (each of the three panels measures about 6 \u00bd feet by 5 feet) and densely painted allegorical painting came up for sale. Three telephone bidders went for the painting, which was being sold by the Moueix family, producers of Ch\u00e2teau P\u00e9trus wines. Hailing the painting as \u201ca landmark of the 20th-century canon,\u201d Sotheby\u2019s had estimated it would sell for $70 million.<\/p>\n

Three works by the art world titan\u00a0Robert Rauschenberg<\/a>\u00a0were on offer Wednesday night, and his death this week at 82 prompted avid speculation on how they would fare. Historically, auction prices tend to dip immediately after an artist dies in anticipation that long-withheld works will flood the market.<\/p>\n

But \u201cOverdrive,\u201d a 1963 silkscreen collage incorporating images of a bird, a stop sign, a one-way street sign and other objects, made yet another record price, bringing $14.6 million. Sotheby\u2019s had thought it would make $10 million to $15 million.<\/p>\n

Peter Brant, the newsprint magnate was a big seller last night. One of Richard Prince<\/a>\u2019s early supporters he was parting with \u201cMillionaire Nurse<\/a>,\u201d from 2002. one of the artist\u2019s paintings inspired by the covers of erotic pulp fiction from the 1940s. In this painting, his nurse is wearing a white surgical mask. While it had been estimated to sell for $3.5 million to $4.5 million, five bidders went for the work which ended up selling for $4.2 million or $4.7 million including Sotheby\u2019s fees. (On Tuesday night, Christie\u2019s auctioned a Prince nurse painting from the same year for a record $7.3 million.) Even more subtle canvases had their appeal. \u201cAchrome,\u201d a sensual, layered white canvas by Piero Manzoni, also brought a record price. Franck Giraud, Mr. S\u00e9galot\u2019s partner, beat out five bidders to buy the painting for $10.1 million, well above its $6.5 million estimate.<\/p>\n

After the sale, as the crowds were milling around talking about the evening, everyone seemed stunned by the large sums of money that were spent. \u201cI don\u2019t understand why it did so well if the economy was mediocre,\u201d said Mr. Mugrabi. \u201cMaybe people feel safer with art.\u201d<\/p>\n

<\/span>[ click to read full piece at the NY Times<\/a> ]<\/p>\n","protected":false},"excerpt":{"rendered":"

from the New York Times Bacon Triptych Auctioned for Record $86 Million By\u00a0CAROL VOGEL A 1976 triptych by\u00a0Francis Bacon\u00a0brought $86.3 million on Wednesday night at Sotheby\u2019s, becoming the most expensive work of contemporary art ever sold at auction and a retort to doomsayers who had predicted that the art market would falter seriously this season […]<\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-427","post","type-post","status-publish","format-standard","hentry","category-culture-art"],"_links":{"self":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/comments?post=427"}],"version-history":[{"count":0,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/posts\/427\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/media?parent=427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/categories?post=427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigjimindustries.com\/wordpress\/wp-json\/wp\/v2\/tags?post=427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}