Fangor painting smashes records with eye-watering 1.3 mln zł sale
A painting by artist Wojciech Fangor has set a record for an online auction in Poland by selling for PLN 1.3 million.
The sale of the painting, entitled ‘M44’, was the top-of-the-bill event at an auction organised by Desa Unicum, one of the largest and oldest auction houses in Poland.
The auction, which also included works by other acclaimed Polish artists such as Julian Stańczak and Ryszard Winiarski, netted a grand total of PLN 2.5 million.
Bidding took place either over the internet or via a downloadable mobile app.
The price paid for ‘M44’ surpassed the pre-sale estimate of PLN 700,000-900,000, and also indicated that online auctions could now hold their own against traditional ones.
“The auction recorded a very high turnover and the price for Fangor’s work was not inferior to the prices paid at traditional auctions,” said Juliusz Windorbski, Desa’s president.
“I’m sure that this is the start of the development of the online art market in Poland, and soon it may represent a significant percentage of total sales.”
Fangor, who died in 2015 aged 92, was one of the country’s leading contemporary artists. During a lifetime spent working both in his native land and in Germany, the UK and the US, he established himself as an acclaimed artist, and his work has become sought after.
In 2018 his painting M39 went at auction for a Polish record of PLN 4.72 million.
Along with the record price for Fangor’s painting at the online auction, a piece by Andrzej Nowacki went for PLN 106,000, a record for a work of art by that artist.
Desa Unicum plans to hold 15 online auctions this year, as the firm seeks to capitalise on the expanding online auction market.
The European Fine Art Foundation put the total global value of the online auction market in 2018 at USD 6 billion, 11 percent more than the previous year.