The success of William Eggleston’s sale at Christie’s earlier this week was that it attracted a much broader range of contemporary art collectors rather than just photography collectors.
The sale was expected to reach $2.7million but the 36 prints by the photographer brought in a total of $5,903,250, well above the high estimate. Part of the success can also be attributed to the fact that this is the first time Eggleston created digital pigment prints in limited editions of 2 in an oversized format.
The highlight of the sale was an Eggleston classic print titled Memphis Tricycle from 1970 that depicts a children tricycle with red handle bars from the ground-level angle. The value of the work was estimated at $250,000-350,000 and the final hammer price was $578,500 – doubling the auction record for the artist.
Image: William Eggleston, Memphis Tricycle, 1970 via Christies.com