Saturday, January 29, 2011

«I LIKE MONEY ON THE WALL»

Self-portraits by Andy Warhol and Jean-Michel Basquiat will star in contemporary-art auctions in London set to raise at least 72.5 million pounds ($116 million).A pair of Jeff Koons bear sculptures, a Gerhard Richter abstract and a pile of Ai Weiwei porcelain flower seeds are also among lots in the evening mixed-owner sales starting Feb. 15. The total minimum estimates are 14 percent higher than in 2010.Sotheby’s, Christie’s International and Phillips de Pury & Co.’s sales come as contemporary-art dealers look for price rises. Worldwide auctions slumped more than 50 percent in 2009. The once-booming market is still recovering, according to the French-based data company Artprice.

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