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Friday, July 28, 2017

Adrian Ghenie’s Nickelodeon painting sells at Christie’s for Record $9m

Christie’s Auction House, London. Christie’s Auction House, London. Monica Arellano-Ongpin, www.Flickr.com

The contemporary evening auction sailed above estimate and achieved records for seven artists. Among the records set, five were for artists under 40, ending speculation that the bottom has dropped out of the younger end of the contemporary market. Adrian Ghenie’s Nickelodeon (2008) sparked a bidding war in the saleroom, and rose to more than four times its high estimate of £1.5m to sell to a European buyer for £6.2m ($9m USD).

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