Turkish Art Market News I
Sotheby’s Contemporary Turkish Art Sale - 26 April 2012
The sale achieved a total of £1,531,175 ($2,478,972).
Offered at auction for the first time since its execution in 1952, Nejad Melih Devrim’s “Abstract Composition” topped Sotheby’s auction on modern and contemporary Turkish art in London on April 26, almost doubling pre-sale estimates by fetching £735,000 ($1.1 million), achieving a record for the artist. Measuring 301 x 194cm, it is one of the largest works the artist ever made.
After remaining in the artist’s personal collection for 35 years, it was acquired by a prominent collector in 1987 and had remained in that collection ever since.
Works by contemporary artists like Ramazan Bayrakoğlu, Canan Tolon and Azade Köker fetched higher figures than the estimates, while works by older masters like Mübin Orhon, Fahrelnisa Zeid, Ömer Uluç and Komet remained unsold – as did works by star names such as Haluk Akakçe and Hussein Chalayan.
Ramazan Bayrakoğlu’s “Motorcycle,” estimated at between £15,000 and £20,000, sold for £63,650. Canan Tolon’s “Glitch 3” started around £25,000 to £35,000 but ultimately fetched £79,250. Azade Köker’s “Bathsheba” also exceeded estimates, selling for £55,250. Ansen Atilla’s “Guns of War 2,” another highlight of the show, remained unsold, while only two out of four Burhan Doğançay pieces found buyers. Doğançay’s “Composition No:3” sold for £49,250 with an estimate ranging between £50,000 and £70,000.
Right: Canan Tolon (b. 1955), Glitch III, 2007, oil on canvas, 140 x 155.5cm. Sold for £79,250. (£25,000-£35,000) Photo: Sotheby’s.
Right: Ramazan Bayrakoglu (b. 1966), Motorsiklet (Motorcycle), 2012, embroidery on canvas, 152 x 267cm. Sold for £63,650 (Estimate: £15,000-£20,000) Photo: Sotheby’s.
Christie’s Modern and Contemporary Arab, Iranian and Turkish Art Sales Part I and II - 17&18 April 2012Christie’s April sales of Modern and Contemporary Arab, Iranian and Turkish Art totaled $6,402,825 against a pre-sale high estimate of $6.1 million. The sales were 92% sold by value.
The top Turkish Contemporary Art lots of this sale were a portrait by the celebrated Turkish artist Azade Köker, (b.1949), titled „And it was my life that was flowing slowly…“ , estimated $70,000 - $90,000, sold for $86,500 and a painting of Marilyn Monroe by Murat Pulat, which set a new record for the artist when it fetched $56,250 while estimated $25,000-$30,000.
Ansen’s „Hunting Tales“, estimated $40,000-$60,000, went for $50,000. Yasam Sasmazer’s „Captured by Light“ sold over the estimate of $35,000-40,000 for a final prize of $50,000. Starting around $5,000-$7,000, Firat Neziroglu’s „Untitled“ sold for $8,750.