|
News
ANDY WARHOL KING OF NEW YORK
12 May 2011
Catégorie : MARKET
|
|
Christie's Post-War and Contemporary Art Evening Sale held on May 11, 2011 in New York realized $301,683,630 (£184,026,630/€211,178,100), exhibiting a thriving and healthy market for art, in which buyers fiercely competed for works of utmost quality, provenance and beauty. The auction's selling through rates — 95% sold by lot and 99% sold by value — reaffirmed Christie's position as market leader for the category. Brett Gorvy, Christie's International Co-Head of Post-War and Contemporary Art, Deputy Chairman said: "Tonight's extraordinary results exemplify the market's vigor for top-quality works of art. Christie's remains the Warhol leader, with $90,988,000 in Warhol sales in this auction alone; including the establishment of a brilliant new world auction record for a portrait by the Pop master for his seminal 1963-1964 Self-Portrait, which achieved $38,442,500. A total of seven new world auction records were established, including those for Cindy Sherman, Cy Twombly and cutting-edge contemporary artist, Urs Fischer, whose Untitled (Lamp/Bear), realized $6,802,500 – six times the artist's previous world auction record. The sale results reflects Christie's mission to distinguish itself in offering buyers major objects with fair estimates, underscored by a superior responsibility to the works of art themselves." Astounding prices were achieved for works by Andy Warhol, as all eight works of the artist's works offered were sold for a combined total of $90,988,000. Most notably Christie's established a new world auction record for a portrait by Warhol with the evening's top lot, Self-Portrait 1963-1964, which realized $38,442,500. The work was finally sold after a riveting 16-minute competition between bidders in the room and on the phone. Significant prices were also achieved for, Mark Rothko, whose rediscovered Abstract Expressionist masterpiece from 1961, Untitled #17, realized $33,682,500 and another for Warhol whose 1986 Self Portrait, depicting himself in signature Fright Wig rendered in a shock of Pop Red against a black background realized $27,522,500. In total, seven world auction records were achieved including those for Cy Twombly, whose Untitled from 1967 realized $15,202,500; Urs Fischer for Untitled (Lamp/Bear) which achieved, $6,802,500; Richard Diebenkorn, for Ocean Park #121, from 1980 which brought in $7,698,500 and Anselm Kiefer, whose Dem Unbekannten Maler (To the Unknown Painter) from 1983 realized $3,554,500. Overall, two lots sold over $30 million, four lots sold above $20 million, five lots sold above $10 million, 14 sold over $5 million and 52 sold over $1 million. Buyers (by lot / by origin) were 61% American, 23% European, 3% Asian and 13% other.
Best results: Post-War and Contemporary Art Evening Sale New York – Wednesday, May 11, 2011
Sale no: 2440 – Top Ten [All sold prices include buyer's premium]
Sold: $301,683,000 £184,026,630 €211,178,100
Lots Sold: 62 Lots Offered: 65 Sold by Lot: 95% Sold by $: 99%
Exchange Rate: £ = $1.64 / € = $1.43
Andy Warhol (1928-1987), Self-Portrait, acrylic and silkscreen ink on canvas, in four parts, painted in 1963-1964 Estimate 20,000,000 -30,000,000 Sold for:$38,442,500;£23,449,925;€26,909,750
Mark Rothko (1903-1970), Untitled No. 17, oil on canvas, painted in 1961 Estimate:18,000,000- 22,000,000. Sold for $33,682,500;£20,546,325; €23,577,750
Andy Warhol (1928-1987), Self-Portrait, synthetic polymer and silkscreen ink on canvas, painted in
1986. Estimate:30,000,000 -40,000,000. Sold for: $27,522,500;£16,788,725; €19,265,750
Francis Bacon (1909-1992), Three Studies for Self-Portrait, triptych–oil on canvas, painted in 1974
Estimate on request. Sold for:$25,282,500;£15,422,325;€17,697,750
Cy Twombly (b. 1928), Untitled, oil based house paint and wax crayon on canvas, painted in 1967
Estimate: 10,000,000 -15,000,000. Sold for: $15,202,500;£9,273,525;€10,641,750 AUCTION RECORD FOR THE ARTIST
Francis Bacon (1909-1992), Untitled (Crouching Nude on Rail), oil on canvas, painted in 1952 Estimate:10,000,000 -15,000,000. Sold for: $9,602,500;£5,857,525;€6,721,750
Richard Diebenkorn (1922-1993), Ocean Park #121, oil on canvas, painted in 1980. Estimate:7,000,000 - 9,000,000. Sold for:$7,698,500;£4,696,085;€5,388,950 AUCTION RECORD FOR THE ARTIST
Urs Fischer (b. 1973), Untitled (Lamp/Bear), cast bronze, epoxy primer, urethane paint, acrylic polyurethane topcoat, acrylic glass, gas discharge lamp, and stainless-steel framework, executed in
2005-2006. Estimate on request. Sold for:$6,802,500;£4,149,525;€4,761,750 AUCTION RECORD FOR THE ARTIST
Andy Warhol (1928-1987), Self-Portrait, acrylic and silkscreen ink on canvas, painted in 1963- 1964. Estimate:6,000,000 - 8,000,000. Sold for: $6,802,500; £4,149,525;€4,761,750
Philip Guston (1913-1980), Painter's City, oil on canvas, painted in 1956-1957. Estimate: 4,500,000 - 6,500,000. Sold for:$6,578,500;£4,012,885;€4,604,950
|
|
|
Christie's Post-War and Contemporary Art Evening Sale held on May 11, 2011 in New York realized $301,683,630 (£184,026,630/€211,178,100), exhibiting a thriving and healthy market for art, in which buyers fiercely competed for works of utmost quality, provenance and beauty. The auction's selling through rates — 95% sold by lot and 99% sold by value — reaffirmed Christie's position as market leader for the category. Brett Gorvy, Christie's International Co-Head of Post-War and Contemporary Art, Deputy Chairman said: "Tonight's extraordinary results exemplify the market's vigor for top-quality works of art. Christie's remains the Warhol leader, with $90,988,000 in Warhol sales in this auction alone; including the establishment of a brilliant new world auction record for a portrait by the Pop master for his seminal 1963-1964 Self-Portrait, which achieved $38,442,500. A total of seven new world auction records were established, including those for Cindy Sherman, Cy Twombly and cutting-edge contemporary artist, Urs Fischer, whose Untitled (Lamp/Bear), realized $6,802,500 – six times the artist's previous world auction record. The sale results reflects Christie's mission to distinguish itself in offering buyers major objects with fair estimates, underscored by a superior responsibility to the works of art themselves." Astounding prices were achieved for works by Andy Warhol, as all eight works of the artist's works offered were sold for a combined total of $90,988,000. Most notably Christie's established a new world auction record for a portrait by Warhol with the evening's top lot, Self-Portrait 1963-1964, which realized $38,442,500. The work was finally sold after a riveting 16-minute competition between bidders in the room and on the phone. Significant prices were also achieved for, Mark Rothko, whose rediscovered Abstract Expressionist masterpiece from 1961, Untitled #17, realized $33,682,500 and another for Warhol whose 1986 Self Portrait, depicting himself in signature Fright Wig rendered in a shock of Pop Red against a black background realized $27,522,500. In total, seven world auction records were achieved including those for Cy Twombly, whose Untitled from 1967 realized $15,202,500; Urs Fischer for Untitled (Lamp/Bear) which achieved, $6,802,500; Richard Diebenkorn, for Ocean Park #121, from 1980 which brought in $7,698,500 and Anselm Kiefer, whose Dem Unbekannten Maler (To the Unknown Painter) from 1983 realized $3,554,500. Overall, two lots sold over $30 million, four lots sold above $20 million, five lots sold above $10 million, 14 sold over $5 million and 52 sold over $1 million. Buyers (by lot / by origin) were 61% American, 23% European, 3% Asian and 13% other.
Best results: Post-War and Contemporary Art Evening Sale New York – Wednesday, May 11, 2011
Sale no: 2440 – Top Ten [All sold prices include buyer's premium]
Sold: $301,683,000 £184,026,630 €211,178,100
Lots Sold: 62 Lots Offered: 65 Sold by Lot: 95% Sold by $: 99%
Exchange Rate: £ = $1.64 / € = $1.43
Andy Warhol (1928-1987), Self-Portrait, acrylic and silkscreen ink on canvas, in four parts, painted in 1963-1964 Estimate 20,000,000 -30,000,000 Sold for:$38,442,500;£23,449,925;€26,909,750
Mark Rothko (1903-1970), Untitled No. 17, oil on canvas, painted in 1961 Estimate:18,000,000- 22,000,000. Sold for $33,682,500;£20,546,325; €23,577,750
Andy Warhol (1928-1987), Self-Portrait, synthetic polymer and silkscreen ink on canvas, painted in
1986. Estimate:30,000,000 -40,000,000. Sold for: $27,522,500;£16,788,725; €19,265,750
Francis Bacon (1909-1992), Three Studies for Self-Portrait, triptych–oil on canvas, painted in 1974
Estimate on request. Sold for:$25,282,500;£15,422,325;€17,697,750
Cy Twombly (b. 1928), Untitled, oil based house paint and wax crayon on canvas, painted in 1967
Estimate: 10,000,000 -15,000,000. Sold for: $15,202,500;£9,273,525;€10,641,750 AUCTION RECORD FOR THE ARTIST
Francis Bacon (1909-1992), Untitled (Crouching Nude on Rail), oil on canvas, painted in 1952 Estimate:10,000,000 -15,000,000. Sold for: $9,602,500;£5,857,525;€6,721,750
Richard Diebenkorn (1922-1993), Ocean Park #121, oil on canvas, painted in 1980. Estimate:7,000,000 - 9,000,000. Sold for:$7,698,500;£4,696,085;€5,388,950 AUCTION RECORD FOR THE ARTIST
Urs Fischer (b. 1973), Untitled (Lamp/Bear), cast bronze, epoxy primer, urethane paint, acrylic polyurethane topcoat, acrylic glass, gas discharge lamp, and stainless-steel framework, executed in
2005-2006. Estimate on request. Sold for:$6,802,500;£4,149,525;€4,761,750 AUCTION RECORD FOR THE ARTIST
Andy Warhol (1928-1987), Self-Portrait, acrylic and silkscreen ink on canvas, painted in 1963- 1964. Estimate:6,000,000 - 8,000,000. Sold for: $6,802,500; £4,149,525;€4,761,750
Philip Guston (1913-1980), Painter's City, oil on canvas, painted in 1956-1957. Estimate: 4,500,000 - 6,500,000. Sold for:$6,578,500;£4,012,885;€4,604,950
|
|
Home
News
