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Selected works from British Airways art collection have sold for a total of £2.2 million by Sotheby’s.
The standout sale from the collection was “Cool Edge” by Bridget Riley. This was estimated to sell for up to £1.2m. It ultimately sold for £1,875,000.
The other 16 items from the collection sold for considerably less at £326,875 in total. However, most works did sell for well in excess of their estimates in brackets below.
Whilst £2.2m (before Sotheby’s commission and other costs) is a drop in the ocean compared to IAG’s weekly cash burn, the sale is symbolic as BA and its parent company does everything it can to conserve cash. With no prospect of air travel returning to normal until well into 2021, it is going to need it.
Here is a breakdown of the remaining sales:
“Grasshopper Portfolio” by Peter Doig £56,250 (£10,000 – £15,000)
“Colour Down The Side” by Sir Terry Frost, R.A. (pictured above) £47,500 (£20,000 – £30,000)
“Sunglow” by Sir Terry Frost, R.A. £30,000 (£10,000 – £15,000)
“Scarlet and Bordeaux in Cobalt” by Patrick Heron £32,500 (£10,000 – £15,000)
“Valium” by Damien Hirst £27,500 (£5,000 – £7,000)
Eight Landscapes by Julian Opie £13,750 (£10,000 – £15,000)
“Garden 2” by Marc Quinn £7,500 (£5,000 – £6,000)
“Untitled” (Bronze) by Bridget Riley £11,250 (£5,000 – £7,000)
“Untitled” (Rose) by Bridget Riley £13,750 (£5,000 – £7,000)
“Untitled” (Elongated Triangles 1) by Bridget Riley £10,625 (£4,000 – £6,000)
“Untitled” (Elongated Triangles 2) by Bridget Riley £9,375 (£4,000 – £6,000)
“Untitled” (Elongated Triangles 4) by Bridget Riley £10,000 (£4,000 – £6,000)
“Untitled” (Elongated Triangles 5) by Bridget Riley £8,125 (£4,000 – £6,000)
“Untitled” (Elongated Triangles 6) by Bridget Riley £8,750 (£4,000 – £6,000)
“Scenes From The Passion: (Ash Wednesday) by George Shaw £21,250 (£10,000 – £15,000)
“Scenes From The Passion: The Path In) by George Shaw £18,750 (£10,000 – £15,000)
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