Baselitz, Condo Fetch $34MM USD in Phillips Sale

Coinciding with London’s Frieze week, Phillips recently presented its contemporary art evening sale event at its U.K. headquarters. A total of 36 lots fetched a total of £26.3 million ($34.1 million USD) with buyer’s premium included.

One of the top lots included in the sale were by blue-chip artists including Georg Baselitz’s landmark Das letzte Selbstbidnis I (1982) portraying the artist’s signature upside-down figure which hammered at £4.1 million GBP, achieving roudhly $5 million USD — the third highest price for the artist in record. The iconic work came from the collection of the Paris-based contemporary art patron Marcel Brient.

Other top lots include Jean-Michel Basquiat’s Untitled (Pestus) 1982, a work on paper which sold for £2.2 million GBP ($2.9 million USD). George Condo’s The Age of Reason 2010 painting hammered £2,261,000 GBP (approx. $2,931,613 USD). Moreover, Banksy’s Girl with Balloon & Morons Sepia 2007 work achieved £1,232,500 GBP (approx.

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Trump Condos Fetch a 10% Premium Over Similar Luxury Units, Down From 34% in 2016

SEATTLE, Oct. 15, 2020 /PRNewswire/ — (NASDAQ: RDFN) —The typical “Trump” branded condo sold for a median of $720,000 this year—9.7% more than a comparable luxury condo, according to an analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s down from a 22% price premium Trump-branded condos fetched in 2019, and a 33.5% premium in 2016, when Donald Trump was elected president. The price premium of Trump-branded condos has declined every year that Trump has been in office.

The Redfin analysis focused on Trump-branded and comparable luxury condos in 10 U.S. cities, with the exception of New York City, where multiple listing service data on sales of Trump properties was incomplete. The research compared the properties by sale price, price per square foot and time spent on market, with results controlled for features such as location, size, views and number of bedrooms and bathrooms. The

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