Thursday, February 11, 2010

Yves Klein: Relief éponge (RE 47 II) sold for £5,865,250

Relief éponge or (RE 47 II)
Made in: 1961
By: Yves Klein (1928-1962)
Material: gold leaf, natural sponges, pebbles and synthetic resin on wood panel
17 7/8 x 31½ x 3in. (45.5 x 80 x 7.5cm.)

Sold for: £5,865,250 - ($9,149,790)
Estimate: £5,000,000 - £7,000,000 ($7,830,000 - $10,962,000)
At: Christies London, Lot 16
11 February 2010

Bought by: The work had been owned by the same private collector for 30 year, now sold for 5.9 million pounds to a German-speaking couple based in Switzerland who had bought a 3.3 million-pound Klein the previous evening at Sotheby’s. Graff was among the underbidders.
(Bloomberg: Warhol Dollar Sign Snapped Up by Graff in $61.4 Million Auction, Feb.11, 2010)

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