"Christie's opened the ball with its 20th/21st-century evening sale on 15 October in a packed room, fielding a 61-lot session estimated at £87m-£129m, before fees. It proclaimed it was pleased with the results, which at £106.9m fell squarely within expectations and were 30% higher than those achieved in the slightly smaller equivalent sale last year. Its headline lot was Peter Doig's Ski Jacket (1994), which soared over its £6m-£8m estimate to make a stunning £14.2m"
"The Doig came from the famed Danish collector Ole Faarup (1934-2025), who had bought voraciously from artists in the early part of their careers, notably Warhol and Basquiat; eight of his acquisitions were in the evening sale, including four works by Doig. More of 140 lots from his collection will appear in further sales; the proceeds are going to a foundation to help young artists."
Evening sales during Frieze week produced a mixed market picture, with a handful of highly desirable works achieving strong results while many ordinary lots failed or fell well below lowered pre-sale estimates. Christie's 20th/21st-century sale achieved £106.9m, within expectations and substantially ahead of last year, led by Peter Doig's Ski Jacket at £14.2m. Several artists experienced notable price corrections after multi-year declines. A significant group of works from the collection of Ole Faarup generated interest, with many more lots to come and proceeds earmarked for a foundation to support young artists.
Read at The Art Newspaper - International art news and events
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