Tuesday 24 January 2017

Self-portraits to fetch $20m as demand for Bacon sizzles

Scott Reyburn in London

Published 16/04/2011 | 05:00

A trio of self-portraits by Francis Bacon are expected to raise at least $20m (€13.8m) at auction as demand grows for Ireland's most expensive artist.

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'Three Studies for Self Portrait', from 1974, are included in Christie's International's May 11 New York auction of contemporary art. They are part of a London show, opening today, that also includes Bacon's 1952 painting, 'Untitled (Crouching Nude on Rail)', estimated at up to $15m (€10.3m) in the same sale.

Owners of high-value paintings by the Dublin-born artist, who died in Madrid in 1993, are more confident about selling at auction after the 1964 triptych, 'Three Studies for a Portrait of Lucian Freud', fetched £23m (€25.9m) at Sotheby's in London in February.

"That result helped bring Bacons out of the woodwork," London-based dealer Offer Waterman said. "Up until then the market had been in a state of flux. Prices had dropped, and people found it difficult to value his paintings."

The works are on show until Tuesday at Christie's.

Irish Independent

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