Nov 06, 2016

Exceeding Expectations: 5 Contemporary Artists Over-Performing at Auction

Art experts are suggesting today's auctions are a buyers' market. Despite this some artists are still surpassing expectations. We take a look at 5 stand out artists who are achieving great auction results.
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1. Yue Minjun

Contemporary Chinese artist YueMinjun recently shocked the art market when his Untitled 2006 work sold at auction for just under £1m, against a guide price of £100k.

Part of a Chinese art scene and the Cynical Realist movement that continues to grow in importance, YueMinjun is an oil painter who depicts himself frozen in laughter.

2. Sascha Braunig

Described by the New York Times as ‘an inspired reanimator of Surrealism’, Sacha Braunig creates small paintings that celebrate light, colour and space through the combination of vibrant colour and pattern repetition.

Her small circular piece ‘Reef’ recently went for £23k versus a guide price of £6k.

3. Yayoi Kusama

With five pieces selling for over twice their guide price at auction recently, it seems the art market has underestimated the value of Yayoi Kusama’s work to her collectors.

Kusama is an eclectic and vibrant artist experiencing almost a second life, allbeit an extended one, in the art world at the ripe age of 87.

4. Günther Förg

A German abstract painter, with works displayed in many prestigious galleries, including Tate Modern in UK and Museum of Modern Art in New York. Gunther’s larger works continue to exceed expectations in the market, with recent sales in excess of £422k vs. a guide price of £200k for ‘Obnie Titel’, a large piece at 280cm x 160cm.

His works on paper, more accessible to most collectors, are proving particularly popular at auction. Realised prices, between £5k-£10k far exceed the humble expectations of around £2k.

5. Adrian Ghenie

The Cluj School artist has long since captured the art market with his dark, brooding compositions. Now represented by Pace Gallery, his work continues to surpass even inflated expectations at auction.