Camargo, Frankenthaler top Bonhams Contemporary Art auction in New York

14 May 2013, Contemporary Art

NEW YORK — Works by Sergio Camargo and Helen Frankenthaler led Bonhams May 14 Contemporary Art auction at the Madison Avenue salesroom. Camargo's 1970 "Relief 329," a superb example of the artist's quintessential sculptural relief compositions, brought $302,500. The same price was achieved for "Red Shift," Helen Frankenthaler's ethereal acrylic investigation color and space from 1990.

The auction attracted strong bidding from a fresh group of clients - nearly 50% of all bidders were new to Bonhams. The majority was from the US, with the Americas, Europe, Asia and the Middle East all represented. Telephone bidding proved most popular with the crowd, although attendees took home several of the top lots.

"We are very pleased to have worked with so many new bidders in the May 14 auction," said Jeremy Goldsmith, Bonhams Director of Contemporary Art in New York. "We are clearly expanding our presence in the market on a global level."

Several young innovators performed well. 2012's "Double Iwo Jima" from The Bruce High Quality Foundation, a diptych silkscreen in canvas appropriating the Pulitzer-prize winning image of the flag raising on Iwo Jima, achieved $122,500. Jules de Balincourt's 2006 "New Sensitivity," an eerie vision of a tree-lined park debuted at his "Accidental Tourism and the Art of Forgetting" exhibition in Berlin, realized $105,700.

Works on paper by Alexander Calder proved popular, with all three of artist's compositions on offer seeing lengthy bidding. His bold, geometric gouache on paper composition "Le Canal" from 1975 sold for $104,500, significantly exceeding its pre-sale estimate. Works on paper performed well in general, as evidenced by the strong prices realized for a wide from variety of compositions on paper from a diversity of artists including Jean Dubuffet, Shepard Fairey and Donald Sultan.

Bonhams next Contemporary Art auction will take place in November in New York.


NOTES FOR EDITORS

Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son & Neale. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America. Today, Bonhams offers more sales than any of its rivals, through two major salerooms in London: New Bond Street and Knightsbridge; and a further three in the UK regions and Scotland. Sales are also held in San Francisco, Los Angeles, Carmel, New York and Connecticut in the USA; and Germany, France, Monaco, Hong Kong and Australia. Bonhams has a worldwide network of offices and regional representatives in 25 countries offering sales advice and valuation services in 60 specialist areas. For a full listing of upcoming sales, plus details of Bonhams specialist departments go to www.bonhams.com