Francis Bacon Rebounds with $37M Freud Portrait

Tobias Meyer wielding the gavel at Sotheby's in London, Bacon triptych on wall
Francis Bacon burst back on the auction block last night. A crimson 1964 triptych portraying the artist’s painter pal Lucian Freud sold for $37 million at Sotheby’s in London, topping a $14 million presale high estimate.
The work was sold during the sale of a 60-lot single owner collection, offered by heirs of the late Geneva collector George Kostalitz, according to news reports. The sale was 100% percent sold, white glove in auction lingo, tallying $150 million.
The Bacon buyer was identified by Bloomberg News and the Financial Times as Cologne dealer Alex Lachmann, who was reported to buy for Russian clients.
The evening’s second priciest lot was Salvador Dali’s 1929 symbol-laden Portrait de Paul Eluard, selling for $21.7 million, an auction record for the artist and a Surrealist artwork at auction. The previous record had been set the night before at Christie’s.
Other top lots included a pair of sculptures by Julio Gonzalez, a record setting Wols, and a Giacometti painting.





