Recap: Doyle New York’s Inaugural Street Art Auction
This article was posted by ethersock 8 months, 3 days, 4 hours, 46 minutes ago.
Doyle New York held it’s Inaugural Street Art Auction today. Featuring competitive bidding from the salesroom, the internet and by telephone, the sale totaled $129,179, with 70% sold by lot and value.
The piece that garnered the most attention was a work by the late Margaret Kilgallen titled Natadora. After a flurry of paddles raising in the room along with a substantial number of online and telephone bids, the dust finally settled with Natadora selling for $28,125 to a buyer from California. Estimated at $5,000- $7,000, it was by far the top lot of the day and nearly tripled the artist’s previous auction record of $9,500 which was set just last year. A mixed media work on metal by Kilgallen’s husband Barry Mcgee sold for $11,875, also well above it’s estimate of $6,000- $8,000, to a buyer from Brooklyn.
Other highlights include the auction’s only canvass by graffiti legend Duster, the first work on the block, it sold for a respectable $3,000 and is a new auction record for the artist. Among the artists whose works achieved auction records at the sale were Cody Hudson, David Choe, Todd James, Lamour Supreme & Mishka, and ASVP. One of the 3 pairs of Dalek’s Space Monkey pieces sold for $5,000 (+buyer premium). A Banksy screenprint titled Stop and Search which was purchased for $3,750 (+buyer premium), a decoupaged Vespa ET2 scooter by Shepard Fairey went for $12,500, and an Invader mosaic went to the highest bidder for $3,750.
The only one of 3 Neckface pieces to sell was an untitled mask made of aluminum which sold for $1,800 (+buyer premium), but perhaps the biggest upset of the afternoon was the highly anticipated auction of Mr. Brainwash’s Life Is Beautiful–Alfred Hitchcock, 2008. Featured in the now classic film Exit Through The Gift Shop, the canvass was estimated to fetch somewhere between $16,000 and $20,000. However, with a reserve of $14,000, it proved to be too rich for the bidders’ blood… Perhaps they’ve seen the film?