I was only just thinking yesterday, why am I unable to find a bed with urine-stained sheets, cig butts, discarded condoms and costing at least a million quid? ($1.5 million American chums)
Thankfully we can all breathe a sigh of relief as the famous Tracey Emin “My Bed” is set to go under the hammer this summer at Christie’s for that huge amount of money.
Now of course I’m being a bit facetious, being a lover of the arts and all. And even though it sounds utterly ridiculous, there is no doubt this is an iconic piece of work. Even if it is just a dirty bed with bloody undergarments on it.
“My Bed” is an excellent example of the explosion of 90’s Brit art that also saw Damien Hirst thrust into the public consciousness with his famous cut-in-half-shark and his ability to play the spoons. And for the record, if he would like to buy Blimey.com for a million quid and paint it gold I would be more than happy to oblige.
The Telegraph has a good write up about the piece and the current incredible value of modern British art:
Last weekend, Emin’s dealer in New York, David Maupin, who sold the bed to Saatchi, said he thinks the estimate of £800,000 to £1.2 million is too low for such a significant work. “It’s historic,” he said. “It’s priceless.”
My Bed was sold for what was then a stupendous £150,000, to Saatchi.
For Saatchi, now is a propitious moment to sell. Contemporary art auctions reached a record $1.5 billion in New York this month. The market for the young British artists of Emin’s generation has also been strong, with record prices recently for Jenny Saville, Sarah Lucas and Gary Hume. Emin, too, saw an auction record of £482,000 last October for the neatly-made-but-lesser-known four-poster bed, To Meet My Past, also from the Saatchi collection.