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.

Latest Stories from SNAP.PA

Call centre worker Stevi Ritchie was voted off X Factor tonight, leaving only five acts remaining.

Read more

Barry’s face caught the attention of the Twittersphere during Sunday night’s Strictly.

Read more

Steve said he’ll be gutted not to be a part of Strictly next week.

Read more

Promotions

Gamucci is a global leader and premier brand of electronic cigarettes

Gamucci has an electronic cigarette tailored for every need! We have a range of both disposable and rechargeable electronic cigarettes suitable for all adult smokers. And for a limited time we’re offering up to 40% off.

Money saving Christmas gifts to add to your shopping list!

It’s nearly time to go on the hunt for Christmas presents, stuck on what to get for your nearest and dearest? We’ve picked out a selection of great deals to get you started and to help you save some pennies!

The final GP in the UAE may not have been a thriller, but it did kind of sum up the season for a lot of drivers.

Protesters have been warned they are banned from setting up camp at the landmark.

John Cantlie features in the new IS video, in which he talks about a recent failed military attack.

From Britain First’s Facebook posts, you would assume they’d won the Rochester by-election. They didn’t, but they’re claiming it anyway.

Quirky London