In an online sale of works from the esteemed Zabludowicz collection of contemporary art that concluded on Tuesday, over half the artworks failed to sell. Estimated to bring in £292,000 to £435,400 ($385,100–$574,200), the sale brought in £95,377 ($126,285). (All prices reported are inclusive of fees; pre-sale estimates do not include fees.)
Anita and Chaim “Poju” Zabludowicz, who have long been among the world’s top collectors, sold 100 works from their sprawling collection of around 8,000 contemporary artworks this past week at Christie’s London. The evening sale, featuring 56 works from the collection and held on June 25, made £15.5 million ($20.5 million), led by a $5 million Philip Guston painting. The online sale, consisting of 44 lots and taking place online over a period of 12 days (June 18–30), was dedicated to the lower-value works, with estimates ranging from £500 ($662) to £60,000 ($80,000).
The majority of the art in the sale was made, and subsequently purchased by the Zabludowiczes, between 2007 and 2014 by then-emerging artists who are now in their 40s and 50s. The couple has become known for their support of young artists on the primary market. Works that failed to sell included those by Parker Ito, Nick Goss, Matt Connors, Michael Williams, and Tony Lewis.
