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Saturday, October 22, 2022

Istanbul Calling - A Recordbreaking Sale

On Octobr 14, 2022, Christie's London hosted a Post-War & Contemporary Art Day auction under the umbrella title "Istanbul Calling" to celebrate the 50th anniversary of the Istanbul Foundation for Culture and Arts (İKSV) and benefit the institution’s new Young Artists Fund.

As I reported on October 1, two Beauford Delaney portraits belonging to the estate of Turkish actress, theater director and owner, author, and television media personality Gülriz Sururi were put up for sale during this auction.

The estimated sale price of the Sururi portrait was 150,000-200,000 GBP.


Gülriz Sururi
(1966) oil on canvas
39 3/8 x 29 7/8in. (100 x 76cm.)
Signed and dated 'Beauford Delaney 1966' (lower left)

© Estate of Beauford Delaney
by permission of Derek L. Spratley, Esquire,
Court Appointed Administrator

It sold for 189,000 GBP ($211,883), including Buyer's Premium.

The estimated sale price of the Baldwin portrait was 180,000-230,000 GBP.

James Baldwin
(1966) oil on canvas
39 1/2 x 29 7/8in. (100.2 x 76cm.
)
signed and dated 'Beauford Delaney 1966' (lower left)
© Estate of Beauford Delaney
by permission of Derek L. Spratley, Esquire,
Court Appointed Administrator

It sold for 1,026,000 GBP ($1,150,114), including Buyer's Premium.

Christie's describes this as "the top price of the afternoon" for the auction. It names Beauford as one of three artists who "lead Christie’s 20th/21st Century Frieze Week season in London".

The auction house also declared the sale price of the Baldwin portrait "a record price for the artist." It identifies the hightest price that a Beauford Delaney fetched at auction prior to Istanbul Calling was the untitled 1948 painting, subtitled Village Street Scene, which sold for $557,000, including Buyer's Premium, at Swann Auction Galleries' African American Fine Art Sale in April 2018.

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