‘BRIC 2011’ auction

Phillips de Pury & Company is hosting ‘BRIC 2011’ auction featuring works by renowned artists from Brazil, India, China and Russia. The evening & Day auctions features 203 lots with a low estimate of £7,280,500/$11,657,566 and a high estimate of £10,865,500/ $17,397,883. The Evening sale features 38 works with a low estimate of £5,917,000 /$ 9,474,325 and a high estimate of £8,933,000/ $14,303,556.

Following the excellent results for the first ever BRIC auctions in 2010, which highlighted the international demand for the best and most exciting art from the fast growing economies of Brazil, Russia, India and China, Phillips de Pury & Company now hosts ‘BRIC 2011’. As a press release mentions: “Numerous world auction records were achieved last year for Komar & Melamid, Vladimir Yankilevsky & Osgemeos; with outstanding results for Erik Bulatov, Ai Weiwei, Liu Wei, and Zhang Xiaogang.

This is testament to the rich variety, quality and diversity of the art, design and photography offered during these sales. This year’s BRIC sale will focus on artists with longevity and appeal as well as emerging new talent. The sale will offer collectors the opportunity to learn about and buy into these diverse markets in one sale room with a compelling, edited selection of the best available works.

“With this auction we aim to show the new strength and depth of the Contemporary Art Market in Brazil, and the continuing upward trends of the Chinese, Indian and Russian markets.” Henry Allsopp Worldwide Director, Curated Sales and Exhibitions. The auction catalogue highlights the ‘diasporic’ and ‘global’ character of BRIC focusing on collectors, artists, curators and taste makers from each individual country, featuring interviews with Catherine Petitgas from London, Sylvain Levy from Paris and Dipti Mathur from Saratoga, who have allowed their private homes to be photographed for the first time in BRIC’s editorial giving unique access into their collections.