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Friday, April 16, 2010

Sotheby's Second Contemporary Art: Turkish Sale Achieves 2.4 Million Pounds

"Sotheby's Second Contemporary Art: Turkish Sale Achieves 2.4 Million Pounds

Taner Ceylan’s 1881 (From the Lost Painting Series) (lot 7) surpassed the previous auction record by more than £50,000 and doubled its pre-sale high estimate of £45,000 to fetch £121,250/ $188,034/ 277,517 TRY.

LONDON.- Today, Sotheby’s second sale of Contemporary Art: Turkish achieved a total of £2,436,850/ $3,779,067/ 5,577,465 TRY, comfortably within its pre-sale estimate of £1.9-2.9 million. The sale established 16 new artist records for artists including Fahrelnissa Zeid, Taner Ceylan, Haluk Akakçe and Canan Tolon, and was 78.4% sold-by-value. Bidding was international, and buyers came from across the globe. Of the buyers in the auction, a significant 32% were new to Sotheby’s. "

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