Friday, August 02, 2013

Charles Saatchi's Multimillion-pound Art Collection Up for Sale

THE DAILY TELEGRAPH: Charles Saatchi is selling off part of his multimillion-pound art collection at auction just days after Nigella Lawson divorced him at London's High Court.

Fifty lots, including a four-poster bed by Tracey Emin, will be sold at Christie's Thinking Big sale in central London in October.

Mr Saatchi has not put any reserve prices on the work, which means in theory they could sell for as little as once [sic] pence.

In reality, artist's dealers will probably bid for work if it looks like they might sell for prices so low they would damage their reputation.

Many of the lots, including work by the Chapman Brothers and Conrad Shawcross, are so big they cannot be exhibited at Christie's but will instead go on show in a huge former Post Office depot in central London.

The Saatchi Gallery, which Mr Saatchi opened in 1985, has included some of the UK’s most controversial and talked-about artworks. His collection is reported to be worth £200million. » | Alice Philipson | Friday, August 02, 2013