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News
RECORD TOTAL OF OVER 495 MILLION USD FOR CHRISTIE'S SALE OF POST-WAR AND CONTEMPORARY ART ON MAY 15, 2013
16 May 2013 Catégorie : MARKET
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Christie's
Post-War and Contemporary Art evening sale held on May 15, 2013 in New
York achieved a staggering 495,021,500 million USD (386,116,770 euros), the
highest total in auction history, with a remarkably strong sell-through rate of
94% by value and by lot.
Bidders from around the world competed for an
exceptional array of Abstract Expressionist, Pop and Contemporary works from
some of the century's most inspiring and influential artists, including Jackson Pollock, Roy Lichtenstein and
Jean-Michel Basquiat.
The sale, which featured a range of superlative
works from distinguished private collections and institutions, such as the
Collection of Celeste and Armand Bartos and the Estate of Andy Williams,
established 16 new world auction records, selling 9 works for over $10 million,
23 for over $5 million and 59 for over $1 million.
The important grouping of Abstract
Expressionist works led the sale, most of all the iconic Number 19, 1948 by Jackson Pollock, which sold for 58,363,750 USD (45,523,725 euros), the highest price ever fetched for the artist
at auction.
Painted during Pollock's most important period
of 1947-1949, this jewel-like work was singled out by Clement Greenberg
who declared, ―Number Nineteen seemed more than enough to
justify the claim that Pollock is one of the major painters of our time.‖ This
picture, which came from a prestigious American foundation, was the object of a
fierce bidding battle from collectors in the
saleroom and on the telephone.
Mark Rothko's
Untitled (Black on Maroon) of
1958, a dazzling example of the artist's signature color fields, and was painted the year he began
his iconic Seagram Murals. sold for
27,003,750 USD (21,062,925 USD), such sale demonstrating Rothko's enduring and
consistent value.
Paintings by
Roy Lichtenstein and Andy Warhol
reaffirmed their enduring value this season. Lichtenstein's 1963 Woman
with Flowered Hat, a classic Pop picture from the movement's heyday,
sold for 56,123,750 USD (43,776,525USD ), while the artist's 1994 Nude
with Yellow Flower, which triumphantly revisits his iconic comic book
heroine, sold for 23,643,750 USD
(18,442,125 euros).
Also sought-after was Warhol's archetypal Self
Portrait of 1966, which realized 5,219,750 USD (4,071,405 euros).
The international demand for works by contemporary
artists was extremely strong; especially the highly- anticipated Dustheads
by Jean-Michel Basquiat. This
euphoric masterpiece captures the expressionist zeitgeist of the 1980s in New
York. The price, which skyrocketed to 48,843,750 USD (38,098,125 euros) -a new world auction record for the
artist- defeated the 26.4 million USD achieved
by Christie's in November 2012.
Another work by Basquiat, Furious
man, a work on paper from the Andy Williams Collection, exceeded the
artist's record for the medium when it sold for 5,723,750 USD ( 4,464,525
euros),after lengthy competitive bidding.
Additional contemporary highlights included a large painting by Julie Mehretu, which performed particularly well, realizing 4,603,750 USD
(3,590,925 euros) - a record for the artist.
Ruth Asawa's awe-inspiring Untitled
(S.108), from the artist's family, fetched
1,443,750 USD ( 1,126,125 euros) -the highest price ever realized for
the artist at auction. The sale coincides with Christie's private exhibition
for the artist, -Ruth Asawa: Objects and Apparitions- which runs
until May 31, 2013.
Strong prices were realized for works by
European master painters, notably Piero Manzoni's Achrome, an
outstanding masterpiece that epitomizes the Italian artist's best known series.
It sold for a world auction record price of 14,123,750 USD (11,016,525 euros)
to a European collector.
Gerhard Richter'svibrant Abstraktes Bild,
Dunkel (613 -2) also sold well, fetching 21,963,750 USD (17,131,725
euros), which exceeded its high estimate.
Richard Serra's monumental L.A. Cone from
the Estate of David Pincus realized
a record price for the artist at
auction with 4,267,750 USD (3,328,845 euros), while Robert
Rauschenberg's early collage
from the Collection of Susan Weil, the artist's
former wife, achieved 963,750 USD (751,725 euros). Adolph
Gottlieb's large-scale Balance sold for 3,259,750 USD (
2,542,605 USD), and derived from the Robert B. Mayer Family Collection, named
for the Chicago arts patron who founded the Contemporary Museum of Art in
Chicago, while Richard Diebenkorn's Ingleside sold for 1,443,750 USD
(1,126,125 euros) came from the
equally prestigious patrons
Laughlin and Jennifer
Phillips of the
Phillips Museum. The esteemed Estate of Andy Williams and the Celeste and Armand Bartos Collection
both offered eight major works
of art that sold for $46 million and $30.2 million, respectively.
Internationally-known for his singing career,
Andy Williams was also an exceptional connoisseur of modern and contemporary
art. From his distinguished estate, all works offered sold far above
their high estimates. Some
highlights included Edward Ruscha's Mint and Willem de Kooning's masterpiece
Untitled XVII, as well as Basquiat's aforementioned Furious man.
ARTIST WORLD AUCTION RECORDS
Lot 10
Jean-Michel Basquiat, Dustheads, acrylic,
oilstick, spray enamel and metallic paint on canvas, 1982 Estimate: $25,000,000
- $35,000,000 Price realized:
$48,843,750
Lot 12
Luc Tuymans, Rumour, oil on canvas, 2001
Estimate: $1,400,000 – $1,800,000 Price realized: $2,699,750
Lot 18
Jackson Pollock, Number 19, 1948, oil and
enamel on paper mounted on canvas, 1948 Estimate: $25,000,000 – $35,000,000
Price realized: $58,363,750
Lot 19
Joseph Cornell, Magic Soap Bubble Set, wood box
construction--wood, glass, printed paper, paint, seashells, velvet, clay pipes,
rubber bands, nails, 1940 Estimate: $500,000 – $700,000
Price realized: $4,827,750
Lot 20
Hans Hofmann, Beatae Memoriae, oil on canvas,
1964 Estimate: $2,000,000 – $3,000,000
Price realized: $4,827,750
Lot 23
Philip Guston, To Fellini, oil on canvas, 1958
Estimate: $8,000,000 – $12,000,000
Price realized: $25,883,750
Lot 26
Kenneth Noland, Circle, acrylic on canvas, 1958
Estimate: $900,000 – $1,200,000 Price
realized: $2,139,750
Lot 34
Roy Lichtenstein, Woman with Flowered Hat,
Magna on canvas, 1963 Estimate: In the
Region of $30,000,000 Price realized:
$56,123,750
Lot 52
Julie Mehretu, Retopistics: A Renegade
Excavation, ink and acrylic on canvas, 2001
Estimate: $1,400,000 – $1,800,000
Price realized: $4,603,750
Lot 54
Richard Serra, L.A. Cone, COR-TEN steel,
1986 Estimate: $1,500,000 – $2,000,000 Price realized: $4,267,750
Lot 58
Ruth Asawa, Untitled (S.108 Hanging, Six-Lobed,
Multi-Layered Continuous Form Within a Form), hanging sculpture--copper and
brass wire, circa late 1960s Estimate:
$250,000 – $350,000 Price realized:
$1,443,750
Lot 61
Piero Manzoni, Achrome , kaolin on canvas,
1958 Estimate: $6,000,000 –
$9,000,000 Price realized: $14,123,750
RECORDS FOR THE MEDIUM
Lot 2
Urs Fischer, Pinky, milled aluminum panel,
acrylic primer, gesso, acrylic ink, silkscreen medium, acrylic paint, acrylic polymer clear coat, 2010 Estimate: $400,000 - $600,000Price realized: $1,203,750
Lot 6
Jean-Michel Basquiat, Furious Man, oil stick,
acrylic, wax crayon and ink on paper, 1982 Estimate: $1,000,000 - $1,500,000 Price realized: $5,723,750
Lot 11
Bruce Nauman, Marching Figure, color pencil,
graphite, gouache and watercolor on two joined sheets of paper, 1985 Estimate:
$400,000 - $600,000 Price realized:
$1,443,750
Lot 33
Cy
Twombly, Untitled (Rome), bronze, 1987 Estimate: $6,000,000 – $8,000,000 Price
realized: $7,739,750
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Christie's
Post-War and Contemporary Art evening sale held on May 15, 2013 in New
York achieved a staggering 495,021,500 million USD (386,116,770 euros), the
highest total in auction history, with a remarkably strong sell-through rate of
94% by value and by lot.
Bidders from around the world competed for an
exceptional array of Abstract Expressionist, Pop and Contemporary works from
some of the century's most inspiring and influential artists, including Jackson Pollock, Roy Lichtenstein and
Jean-Michel Basquiat.
The sale, which featured a range of superlative
works from distinguished private collections and institutions, such as the
Collection of Celeste and Armand Bartos and the Estate of Andy Williams,
established 16 new world auction records, selling 9 works for over $10 million,
23 for over $5 million and 59 for over $1 million.
The important grouping of Abstract
Expressionist works led the sale, most of all the iconic Number 19, 1948 by Jackson Pollock, which sold for 58,363,750 USD (45,523,725 euros), the highest price ever fetched for the artist
at auction.
Painted during Pollock's most important period
of 1947-1949, this jewel-like work was singled out by Clement Greenberg
who declared, ―Number Nineteen seemed more than enough to
justify the claim that Pollock is one of the major painters of our time.‖ This
picture, which came from a prestigious American foundation, was the object of a
fierce bidding battle from collectors in the
saleroom and on the telephone.
Mark Rothko's
Untitled (Black on Maroon) of
1958, a dazzling example of the artist's signature color fields, and was painted the year he began
his iconic Seagram Murals. sold for
27,003,750 USD (21,062,925 USD), such sale demonstrating Rothko's enduring and
consistent value.
Paintings by
Roy Lichtenstein and Andy Warhol
reaffirmed their enduring value this season. Lichtenstein's 1963 Woman
with Flowered Hat, a classic Pop picture from the movement's heyday,
sold for 56,123,750 USD (43,776,525USD ), while the artist's 1994 Nude
with Yellow Flower, which triumphantly revisits his iconic comic book
heroine, sold for 23,643,750 USD
(18,442,125 euros).
Also sought-after was Warhol's archetypal Self
Portrait of 1966, which realized 5,219,750 USD (4,071,405 euros).
The international demand for works by contemporary
artists was extremely strong; especially the highly- anticipated Dustheads
by Jean-Michel Basquiat. This
euphoric masterpiece captures the expressionist zeitgeist of the 1980s in New
York. The price, which skyrocketed to 48,843,750 USD (38,098,125 euros) -a new world auction record for the
artist- defeated the 26.4 million USD achieved
by Christie's in November 2012.
Another work by Basquiat, Furious
man, a work on paper from the Andy Williams Collection, exceeded the
artist's record for the medium when it sold for 5,723,750 USD ( 4,464,525
euros),after lengthy competitive bidding.
Additional contemporary highlights included a large painting by Julie Mehretu, which performed particularly well, realizing 4,603,750 USD
(3,590,925 euros) - a record for the artist.
Ruth Asawa's awe-inspiring Untitled
(S.108), from the artist's family, fetched
1,443,750 USD ( 1,126,125 euros) -the highest price ever realized for
the artist at auction. The sale coincides with Christie's private exhibition
for the artist, -Ruth Asawa: Objects and Apparitions- which runs
until May 31, 2013.
Strong prices were realized for works by
European master painters, notably Piero Manzoni's Achrome, an
outstanding masterpiece that epitomizes the Italian artist's best known series.
It sold for a world auction record price of 14,123,750 USD (11,016,525 euros)
to a European collector.
Gerhard Richter'svibrant Abstraktes Bild,
Dunkel (613 -2) also sold well, fetching 21,963,750 USD (17,131,725
euros), which exceeded its high estimate.
Richard Serra's monumental L.A. Cone from
the Estate of David Pincus realized
a record price for the artist at
auction with 4,267,750 USD (3,328,845 euros), while Robert
Rauschenberg's early collage
from the Collection of Susan Weil, the artist's
former wife, achieved 963,750 USD (751,725 euros). Adolph
Gottlieb's large-scale Balance sold for 3,259,750 USD (
2,542,605 USD), and derived from the Robert B. Mayer Family Collection, named
for the Chicago arts patron who founded the Contemporary Museum of Art in
Chicago, while Richard Diebenkorn's Ingleside sold for 1,443,750 USD
(1,126,125 euros) came from the
equally prestigious patrons
Laughlin and Jennifer
Phillips of the
Phillips Museum. The esteemed Estate of Andy Williams and the Celeste and Armand Bartos Collection
both offered eight major works
of art that sold for $46 million and $30.2 million, respectively.
Internationally-known for his singing career,
Andy Williams was also an exceptional connoisseur of modern and contemporary
art. From his distinguished estate, all works offered sold far above
their high estimates. Some
highlights included Edward Ruscha's Mint and Willem de Kooning's masterpiece
Untitled XVII, as well as Basquiat's aforementioned Furious man.
ARTIST WORLD AUCTION RECORDS
Lot 10
Jean-Michel Basquiat, Dustheads, acrylic,
oilstick, spray enamel and metallic paint on canvas, 1982 Estimate: $25,000,000
- $35,000,000 Price realized:
$48,843,750
Lot 12
Luc Tuymans, Rumour, oil on canvas, 2001
Estimate: $1,400,000 – $1,800,000 Price realized: $2,699,750
Lot 18
Jackson Pollock, Number 19, 1948, oil and
enamel on paper mounted on canvas, 1948 Estimate: $25,000,000 – $35,000,000
Price realized: $58,363,750
Lot 19
Joseph Cornell, Magic Soap Bubble Set, wood box
construction--wood, glass, printed paper, paint, seashells, velvet, clay pipes,
rubber bands, nails, 1940 Estimate: $500,000 – $700,000
Price realized: $4,827,750
Lot 20
Hans Hofmann, Beatae Memoriae, oil on canvas,
1964 Estimate: $2,000,000 – $3,000,000
Price realized: $4,827,750
Lot 23
Philip Guston, To Fellini, oil on canvas, 1958
Estimate: $8,000,000 – $12,000,000
Price realized: $25,883,750
Lot 26
Kenneth Noland, Circle, acrylic on canvas, 1958
Estimate: $900,000 – $1,200,000 Price
realized: $2,139,750
Lot 34
Roy Lichtenstein, Woman with Flowered Hat,
Magna on canvas, 1963 Estimate: In the
Region of $30,000,000 Price realized:
$56,123,750
Lot 52
Julie Mehretu, Retopistics: A Renegade
Excavation, ink and acrylic on canvas, 2001
Estimate: $1,400,000 – $1,800,000
Price realized: $4,603,750
Lot 54
Richard Serra, L.A. Cone, COR-TEN steel,
1986 Estimate: $1,500,000 – $2,000,000 Price realized: $4,267,750
Lot 58
Ruth Asawa, Untitled (S.108 Hanging, Six-Lobed,
Multi-Layered Continuous Form Within a Form), hanging sculpture--copper and
brass wire, circa late 1960s Estimate:
$250,000 – $350,000 Price realized:
$1,443,750
Lot 61
Piero Manzoni, Achrome , kaolin on canvas,
1958 Estimate: $6,000,000 –
$9,000,000 Price realized: $14,123,750
RECORDS FOR THE MEDIUM
Lot 2
Urs Fischer, Pinky, milled aluminum panel,
acrylic primer, gesso, acrylic ink, silkscreen medium, acrylic paint, acrylic polymer clear coat, 2010 Estimate: $400,000 - $600,000Price realized: $1,203,750
Lot 6
Jean-Michel Basquiat, Furious Man, oil stick,
acrylic, wax crayon and ink on paper, 1982 Estimate: $1,000,000 - $1,500,000 Price realized: $5,723,750
Lot 11
Bruce Nauman, Marching Figure, color pencil,
graphite, gouache and watercolor on two joined sheets of paper, 1985 Estimate:
$400,000 - $600,000 Price realized:
$1,443,750
Lot 33
Cy
Twombly, Untitled (Rome), bronze, 1987 Estimate: $6,000,000 – $8,000,000 Price
realized: $7,739,750
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