Strong Prices for Star Names at Bonhams Greek Sale in London

Composition, a monumental work by the Greek painter Yiannis Moralis, made £312,560 at Bonhams Greek sale in London today (Thursday 28 May). It had been estimated at £280,000-350,000. The sale made a total of £1,831,188 with 64% sold by lot and 75% sold by value.

Dating from 1960 and 100x366 in size, the painting was regarded as one of the finest works by the artist ever to appear at auction and occupies an important place in Moralis's career.

The sale also featured a homage to one of the central figures of the Greek War of Independence of 1821, the bicentennial of which falls next year. The Hero George Karaiskakis in battle with Kioutachi by Theofilos Hadjimichael (1871-1934) sold for £137,560. (Estimate: £70,000-100,000).

Bonhams Greek Art Specialist, Anastasia Orfanidou said; "The sale achieved strong prices for works by some of the most important Greek artists from the 19th century right up to the present day. It shows that demand for Greek art remains high, and that the market is continuing to perform well."

Other highlights included:

Terrace Plant by Nikos Hadjikyriakos-Ghika (1906-1994). Painted in 1965, the work sold for £72,560. Estimated: £50,000-70,000.

Nudes by Yiannis Moralis. Sold for £75,000. Estimate: £50,000-70,000.

Clay Vase with Flowers by Yiannis Tsarouchis (Greek, 1910-1989). Sold for £56,310. Estimate: £40,00-60,000.

L' Alphabet Grec by Alexis Akrithakis. Sold for £68,810. Estimate: £15,000-20,000.

Soubrette arrosant des fleurs by Théodore Ralli (Greek, 1852-1909). Sold for £35,000. Estimate: £25,000-35,000.

The sale was a live 'behind-closed-doors' auction. An auctioneer was present on the rostrum, and bids were accepted in the following formats: online, on the phone, or by leaving an absentee bid.

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