A frenzied opening to Art Basel continued in the second full day of sales at the fair yesterday, with contemporary art making a strong play to match blue-chip in transaction activity.
Headline sales for day two included several Louise Bourgeois
sculptures, each fetching prices in excess of $2 million at Hauser & Wirth, which also sold ’s
mixed media Woman with Shopping
(2013)—a somewhat terrifying likeness of a woman, baby buttoned up inside her coat, carting along a pair of shopping bags—for $943,000 to a private foundation.
continued a robust run with Thomas Schütte
’s steel Großer Geist Nr. 6
(1998) selling for around $5 million. The work, one of three unique versions variously made of steel, aluminium, and bronze, sold at Christie’s in November 2014 for $3.3 million, netting the gallery, and any intermediaries, a significant short-term profit.
Another Schütte, Vater Staat, dressed (2010) made a sale for Mnuchin Gallery where it was marketed at $1.6 million. It was sold at the same Christie’s auction last year for $1.2 million, with the sales originally going to benefit environmental causes, emphasizing an incredibly strong year for the German contemporary artist.