Sotheby’s Contemporary Evening Auction in London totaled $116 million on February 12, 2013. The sale featured a number of works by art market powerhouses such as Francis Bacon (1909-1992), Jean-Michel Basquiat (1960-1988), and Gerhard Richter (b. 1932). Bacon’s oil on canvas triptych Three Studies for a Self-Portrait (1980), which sold for $21.5 million, was the evening’s top lot. German collector, Jurgen Hall, who plans to loan the work to a major international institution, purchased the painting.  

44 of the 54 lots offered sold and over 20 works brought more than $1 million dollars. Highlights included two Richter paintings, Wolke (Cloud) (1976) and Abstraktes Bild (769-1) (1992), which sold for $11.9 million and $12.8 million respectively. Basquiat’s Untitled (Pech/Oreja) (1982-83), a large-scale acrylic, oil stick, and paper collage, went for $10. 7 million and another one of his hefty works, Five Fish Species (1983), sold for $7.8 million. Both works were purchased by New York-based art dealer Jose Mugrabi.

While there were some major sales, the auction fell comfortably within its pre-sale estimate of $95.7 million to $132.2 million. The contemporary auctions will continue tonight, Feburary 13, 2013, at Christie’s London.