Bidding war drives up Francis Bacon work value at £75m Sotherby’s auction

09:01 27 June 2013

A central London auction house last night saw works by British contemporary artists including Francis Bacon and David Hockney sell for millions of pounds.

A 1966 triptych portrait of Bacon’s friend, muse and lover Isabel Rawsthorne went for £11,282,500 while the first work the artist ever sold, his historic Head III, was battled for by six collectors, driving the price to £10,442,500.

It had been estimated to sell at somewhere between £5million and £7million at the Sotheby’s auction yesterday evening.

The triptych was purchased by an anonymous buyer and Head III went to an American private collection.

Fifty-four years ago, just across the road from Sotheby’s at the Hanover Gallery in St George Street, the same work fetched £150 at Bacon’s first commercial show.

Alex Branczik, head of Sotheby’s London Contemporary Art Department said last night: “Tonight’s sale was all about the quest for quality - quality across categories - from the modern masters to the new generation of artists.

“We offered some great historic works of art and achieved some great prices for them, as buyers went down the connoisseurial route - buying with intelligence and passion.

David Hockney’s colourful tribute to his home country, Double East Yorkshire, had an estimated value of £3million, but sold for £3.4million to a private collector in Asia. Altogether, works sold at the auction last night totted up £75million.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest Stories from SNAP.PA

It’s not just about new apps this week, some of the biggest have had updates that are worth your time.

Read more

Forget the box of chocolates, bouquet of red roses and bottle of wine – these are the only thing you need!

Read more

Promoted content

Valentine's Day Afternoon Tea

London Hilton on Park Lane is inviting couples to celebrate this Valentines Day over a deliciously romantic afternoon tea at Podium Restaurant and Bar. Taking inspiration from the highly popular Confessions of a Chocoholic Afternoon Tea, London Hilton on Park Lane presents the ultimate romantic afternoon out with its Valentine’s Day Afternoon Tea.

Established in 1987, Tucci is one of the North's premier stores for branded clothing, footwear and accessories.

Save up to 70% on designer brands for Men and Women, including G-Star, Diesel, French Connection, Firetrap and many more….our sale is now on.

Nothing says

iWOOT has a great selection of quirky Valentine’s Day gifts for every possible person and partner.

People thought the Deputy Prime Minister was pretty funny actually.

Brothers: The David Haines Story, will be broadcast on BBC Radio Scotland at 10.30am on Sunday.

Over £30,000 has been raised in a couple of days for a mugging victim, despite the goal only being set at £500.

Quirky London