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Foundation sells late collector’s art

Proceeds go to fund for young artists

Stockholm

The sale of the art collection of Swedish investor Fredrik Roos achieved record prices in Stockholm on 27 September. The 250 works were sold for SEK23m ($3.11m)—a third more than predicted by auctioneers Auktionsverk.

The highest price was for En Annan Rörelse (Another Movement), 1990, a painting by Swedish artist Cecilia Edefalk, which reached SEK2.3m ($311,000)—a record for the artist. Records were also set for Rolf Hanson and Ola Billgren whose works made SEK1.45m ($196,000) and SEK2m ($271,000) respectively.

Fredrik Roos was a leading Swedish businessman and art collector who died in 1991, aged 40. A legal dispute left his family, rather than his partner, as the main benefactor of his will and of his art collection (The Art Newspaper, May 2006, p53). They donated the bulk of it to a foundation, which chose to sell the works.

The funds raised from the auction will be used to establish a new foundation to support young Scandinavian artists.