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News
NEW RECORD FOR JEFF KOONS
01 July 2008
Catégorie : MARKET
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CHRISTIE'S AUCTION OF POST-WAR AND CONTEMPORARY ART REALISES £85.7 MILLION / $171.9 MILLION / €108.6 MILLION
The highest ever total for a Post-War and Contemporary auction held by Christie's in Europe
Francis Bacon self-portrait triptych sells for £17.3 million / $34.5 million / €21.8 million
Jeff Koons' Balloon Flower, Magenta realises £12.9 million / $25.8 million - a record price for the artist at auction, and Freud's Naked Portrait with Reflection sells for £11.8 million / $23.5 million – the second highest price for the artist at auction
9 world auction records established in total for artists including Jeff Koons, Antonio Lopez, Gilbert and George and Syed Haider Raza
Christie's Post-War and Contemporary Art Evening Sale, which took place on 30 June 2008 realised £86,241,600 / $171,879,508 / €108,578,174 - the highest total for the category at Christie's in Europe. The top lot of the auction was Three Studies for a Self Portrait by Francis Bacon (1909-1992), a rare self-portrait triptych that the artist painted while in Paris in 1975, which sold for £17,289,250 / $34,457,475 / €21,767,166.
18 works of art sold for over £1 million (30 for over $1 million), and buyer activity at the auction (by lot) was 42% Europe including United Kingdom, 48% Americas, 8% Asia and 2% other. The auction saw a total of 9 artist records established, including for Jeff Koons, Antonio Lopez, Gilbert and George and Syed Haider Raza, among others.
Pilar Ordovas, Director and Head of Post-War and Contemporary Art, Christie's London: "We are very pleased with the results of this evening's auction which established a record total for the category for Christie's in Europe and illustrates the continued confidence in the global art market. We were particularly pleased to sell three works for over £10 million as exceptional pieces by Freud, Bacon and Koons attracted the interest of collectors from all over the world. The auction has welcomed thousands of visitors while on public view in London for the last two weeks, and Jeff Koons' Balloon flower (Magenta) attracted continuous crowds to its special exhibition at St. James's Square before selling for £12.9 million this evening and setting a world record price for the artist at auction."
The top 5 prices of the evening:
- Three Studies for a Self Portrait by Francis Bacon (1909-1992), a rare self-portrait triptych that the artist painted while in Paris in 1975 and that had never before been seen in public. It sold for £17,289,250 / $34,457,475 / €21,767,166.
- Balloon Flower (Magenta), 1995-2000 by Jeff Koons (b.1955) sold this evening for £12,921,250 / $25,752,051 / €16,267,854, a world record price for the artist at auction.
- Naked Portrait with Reflection by Lucian Freud (b.1922), one of the most important works by the artist to be offered at auction, sold for £11,801,250 / $23,519,891 / €14,857,774, the second highest price for the artist at auction.
- Nine Multicoloured Marilyns (Reversal Series), 1979-86, by Andy Warhol (1928-1987), sold for £4,073,250 / $8,117,987 / €5,128,222.
- Last Supper, 1986, by Andy Warhol (1928-1987) sold for £3,233,250 / $6,443,867 / €4,070,662.
The auction offered a selection of Indian art at the London evening sale for the first time, as the international demand for Post-War and Contemporary Indian art continues to grow. The leading highlight was La Terre, 1973, by Syed Haider Raza (b. 1922), one of India's leading modern masters and a founder member of the revolutionary Bombay Progressive Artist's Group, which sold for £1,273,250 / $2,537,587 / €1,603,022. Chinese contemporary art was led by Pape by Yan Pei-Ming (b.1960) which realised £1,026,850 / $2,046,512 / €1,292,804, a world record price for the artist at auction.
ARTIST RECORDS:
For any work by the artist:
Lot 12, Jeff Koons (b. 1955), Balloon Flower (Magenta), 1995-2000
Sold £12,921,250 , $25,752,051, €16,267,854 WORLD AUCTION RECORD FOR THE ARTIST
Lot 17, Antonio Lopez (b. 1938), Madrid Desde Torres Blancas
Sold £1,385,280, $2,760,863, €1,744,067 WORLD AUCTION RECORD FOR THE ARTIST MOST EXPENSIVE WORK BY SPANISH ARTIST SOLD AT AUCTION
Lot 19, Michael Andrews (1928 – 1995), The Cathedral, The North East Face/Uluru (Ayers Rock)
Sold £937,250, $1,967,939, €1,179,998 WORLD AUCTION RECORD FOR THE ARTIST
Lot 25, Jeff Koons (b. 1955), Auto, 2001
Sold £ 2,505,250, $4,992,963, €3,154,109 WORLD AUCTION RECORD FOR PAINTING BY THE ARTIST
Lot 27, Gilbert & George (b.1943 and b.1942), To Her Majesty
Sold £1,889,250, $3,765,275, €2,378,565 WORLD AUCTION RECORD FOR THE ARTISTS
Lot 38, Nicolas de Stael (1914-1955), Marseille Sous La Neige
Sold £1,721,250, $ 3,430,451, €2,167,053 WORLD AUCTION RECORD FOR THE ARTIST
Lot 40, Syed Haider Raza (b. 1922), La Terre
Sold £1,273,250, $2,537,587, €1,603,021 WORLD AUCTION RECORD FOR THE ARTIST
Lot 47, Karin Mamma Andersson (b. 1962), Heimat Land
Sold £517,250, $1,030,879, €651,217 WORLD AUCTION RECORD FOR THE ARTIST
Lot 57, Yan Pei-Ming (b.1960), Pape
Sold: £1,026,850 / $2,046,512 / €1,292,804 WORLD AUCTION RECORD FOR THE ARTIST
This evening's sale was a highlight of a series of exhibitions and auctions dedicated to Impressionist and Modern and Post-War and Contemporary art taking place from 21 June until 1 July at Christie's in London, and followed on from last week's auctions of Impressionist and Modern Art which realised a record £168,407,700 / $331,089,538 / €191,283,435 and saw Claude Monet's Le bassin aux nymphéas sell for £40,921,250 / $80,451,178 / €51,683,539, a record price for the artist at auction (separate press releases available on request).
Post-War and Contemporary Art Evening Sale
London – Monday, 30 June 2008
Sale no: 7602 – Top Ten
[All sold prices include buyer's premium]
|
Sold: |
£ 86,241,600 |
$171,879,508 |
€108,578,174 |
|
Lots Sold: 48 |
Lots Offered: 58 |
Sold by Lot: 83 % |
Sold by £: 84% |
|
Exchange Rate£:= $1.993 / € 1.259 |
|
Lot |
Description |
Estimate (£) |
Purchase Price |
Buyer |
|
29 |
Francis Bacon (1909-1992), Three Studies for Self-Portrait, 1975 |
Estimate on request |
£17,289,250
$34,457,475
€21,767,166 |
Anonymous |
|
12 |
Jeff Koons (b. 1955), Balloon Flower (Magenta), 1995-2000
WORLD RECORD PRICE FOR THE ARTIST AT AUCTION |
Estimate on request |
£12,921,250
$25,752,051
€16,267,854 |
Anonymous |
|
18 |
Lucian Freud (b. 1922), Naked Portrait with Reflection, 1980
2nd HIGHEST PRICE FOR THE ARTIST AT AUCTION |
10,000,000-15,000,000 |
£11,801,250
$23,519,891
€14,857,774 |
Anonymous |
|
24 |
Andy Warhol (1928-1987), Nine Multicoloured Marilyns (Reversal Series), 1979-86 |
2,500,000-3,500,000 |
£4,073,250
$8,117,987
€5,128,222 |
<!--[if !supportEmptyParas]--> <!--[endif]-->
Private |
|
33 |
Andy Warhol (1928-1987), Last Supper, 1986 |
2,000,000-3,000,000 |
£3,233,250,
$6,443,867
€4,070,662 |
US Trade |
|
14 |
Mark Rothko (1903-1970), Black, White, Blue, circa 1963 |
1,500,000-2,000,000 |
£2,505,250
$4,992,963
€3,154,110 |
Private |
|
25 |
Jeff Koons (b. 1955), Auto, 2001
WORLD RECORD PRICE FOR A PAINTING BY THE ARTIST |
2,200,000-2,800,000 |
£2,505,250
$4,992,963
€3,154,110 |
Gagosian Gallery |
|
16 |
Gerhard Richter (b. 1932), Kleine Strasse, 1987 |
2,000,000-3,000,000 |
£2,281,250
$4,546,531
€2,872,094 |
Private |
|
31 |
Lucian Freud (b. 1922), Head of a Woman, 1990-91 |
1,500,000-2,000,000 |
£2,057,250
$4,100,099
€2,590,078 |
European Private |
|
27 |
Gilbert & George (b. 1943 & b. 1942), To Her Majesty, 1973
WORLD RECORD PRICE FOR THE ARTISTS AT AUCTION |
400,000-600,000 |
£1,889,250
$3,765,275
€2,378,566 |
Anonymous |
|
|
|
CHRISTIE'S AUCTION OF POST-WAR AND CONTEMPORARY ART REALISES £85.7 MILLION / $171.9 MILLION / €108.6 MILLION
The highest ever total for a Post-War and Contemporary auction held by Christie's in Europe
Francis Bacon self-portrait triptych sells for £17.3 million / $34.5 million / €21.8 million
Jeff Koons' Balloon Flower, Magenta realises £12.9 million / $25.8 million - a record price for the artist at auction, and Freud's Naked Portrait with Reflection sells for £11.8 million / $23.5 million – the second highest price for the artist at auction
9 world auction records established in total for artists including Jeff Koons, Antonio Lopez, Gilbert and George and Syed Haider Raza
Christie's Post-War and Contemporary Art Evening Sale, which took place on 30 June 2008 realised £86,241,600 / $171,879,508 / €108,578,174 - the highest total for the category at Christie's in Europe. The top lot of the auction was Three Studies for a Self Portrait by Francis Bacon (1909-1992), a rare self-portrait triptych that the artist painted while in Paris in 1975, which sold for £17,289,250 / $34,457,475 / €21,767,166.
18 works of art sold for over £1 million (30 for over $1 million), and buyer activity at the auction (by lot) was 42% Europe including United Kingdom, 48% Americas, 8% Asia and 2% other. The auction saw a total of 9 artist records established, including for Jeff Koons, Antonio Lopez, Gilbert and George and Syed Haider Raza, among others.
Pilar Ordovas, Director and Head of Post-War and Contemporary Art, Christie's London: "We are very pleased with the results of this evening's auction which established a record total for the category for Christie's in Europe and illustrates the continued confidence in the global art market. We were particularly pleased to sell three works for over £10 million as exceptional pieces by Freud, Bacon and Koons attracted the interest of collectors from all over the world. The auction has welcomed thousands of visitors while on public view in London for the last two weeks, and Jeff Koons' Balloon flower (Magenta) attracted continuous crowds to its special exhibition at St. James's Square before selling for £12.9 million this evening and setting a world record price for the artist at auction."
The top 5 prices of the evening:
- Three Studies for a Self Portrait by Francis Bacon (1909-1992), a rare self-portrait triptych that the artist painted while in Paris in 1975 and that had never before been seen in public. It sold for £17,289,250 / $34,457,475 / €21,767,166.
- Balloon Flower (Magenta), 1995-2000 by Jeff Koons (b.1955) sold this evening for £12,921,250 / $25,752,051 / €16,267,854, a world record price for the artist at auction.
- Naked Portrait with Reflection by Lucian Freud (b.1922), one of the most important works by the artist to be offered at auction, sold for £11,801,250 / $23,519,891 / €14,857,774, the second highest price for the artist at auction.
- Nine Multicoloured Marilyns (Reversal Series), 1979-86, by Andy Warhol (1928-1987), sold for £4,073,250 / $8,117,987 / €5,128,222.
- Last Supper, 1986, by Andy Warhol (1928-1987) sold for £3,233,250 / $6,443,867 / €4,070,662.
The auction offered a selection of Indian art at the London evening sale for the first time, as the international demand for Post-War and Contemporary Indian art continues to grow. The leading highlight was La Terre, 1973, by Syed Haider Raza (b. 1922), one of India's leading modern masters and a founder member of the revolutionary Bombay Progressive Artist's Group, which sold for £1,273,250 / $2,537,587 / €1,603,022. Chinese contemporary art was led by Pape by Yan Pei-Ming (b.1960) which realised £1,026,850 / $2,046,512 / €1,292,804, a world record price for the artist at auction.
ARTIST RECORDS:
For any work by the artist:
Lot 12, Jeff Koons (b. 1955), Balloon Flower (Magenta), 1995-2000
Sold £12,921,250 , $25,752,051, €16,267,854 WORLD AUCTION RECORD FOR THE ARTIST
Lot 17, Antonio Lopez (b. 1938), Madrid Desde Torres Blancas
Sold £1,385,280, $2,760,863, €1,744,067 WORLD AUCTION RECORD FOR THE ARTIST MOST EXPENSIVE WORK BY SPANISH ARTIST SOLD AT AUCTION
Lot 19, Michael Andrews (1928 – 1995), The Cathedral, The North East Face/Uluru (Ayers Rock)
Sold £937,250, $1,967,939, €1,179,998 WORLD AUCTION RECORD FOR THE ARTIST
Lot 25, Jeff Koons (b. 1955), Auto, 2001
Sold £ 2,505,250, $4,992,963, €3,154,109 WORLD AUCTION RECORD FOR PAINTING BY THE ARTIST
Lot 27, Gilbert & George (b.1943 and b.1942), To Her Majesty
Sold £1,889,250, $3,765,275, €2,378,565 WORLD AUCTION RECORD FOR THE ARTISTS
Lot 38, Nicolas de Stael (1914-1955), Marseille Sous La Neige
Sold £1,721,250, $ 3,430,451, €2,167,053 WORLD AUCTION RECORD FOR THE ARTIST
Lot 40, Syed Haider Raza (b. 1922), La Terre
Sold £1,273,250, $2,537,587, €1,603,021 WORLD AUCTION RECORD FOR THE ARTIST
Lot 47, Karin Mamma Andersson (b. 1962), Heimat Land
Sold £517,250, $1,030,879, €651,217 WORLD AUCTION RECORD FOR THE ARTIST
Lot 57, Yan Pei-Ming (b.1960), Pape
Sold: £1,026,850 / $2,046,512 / €1,292,804 WORLD AUCTION RECORD FOR THE ARTIST
This evening's sale was a highlight of a series of exhibitions and auctions dedicated to Impressionist and Modern and Post-War and Contemporary art taking place from 21 June until 1 July at Christie's in London, and followed on from last week's auctions of Impressionist and Modern Art which realised a record £168,407,700 / $331,089,538 / €191,283,435 and saw Claude Monet's Le bassin aux nymphéas sell for £40,921,250 / $80,451,178 / €51,683,539, a record price for the artist at auction (separate press releases available on request).
Post-War and Contemporary Art Evening Sale
London – Monday, 30 June 2008
Sale no: 7602 – Top Ten
[All sold prices include buyer's premium]
|
Sold: |
£ 86,241,600 |
$171,879,508 |
€108,578,174 |
|
Lots Sold: 48 |
Lots Offered: 58 |
Sold by Lot: 83 % |
Sold by £: 84% |
|
Exchange Rate£:= $1.993 / € 1.259 |
|
Lot |
Description |
Estimate (£) |
Purchase Price |
Buyer |
|
29 |
Francis Bacon (1909-1992), Three Studies for Self-Portrait, 1975 |
Estimate on request |
£17,289,250
$34,457,475
€21,767,166 |
Anonymous |
|
12 |
Jeff Koons (b. 1955), Balloon Flower (Magenta), 1995-2000
WORLD RECORD PRICE FOR THE ARTIST AT AUCTION |
Estimate on request |
£12,921,250
$25,752,051
€16,267,854 |
Anonymous |
|
18 |
Lucian Freud (b. 1922), Naked Portrait with Reflection, 1980
2nd HIGHEST PRICE FOR THE ARTIST AT AUCTION |
10,000,000-15,000,000 |
£11,801,250
$23,519,891
€14,857,774 |
Anonymous |
|
24 |
Andy Warhol (1928-1987), Nine Multicoloured Marilyns (Reversal Series), 1979-86 |
2,500,000-3,500,000 |
£4,073,250
$8,117,987
€5,128,222 |
<!--[if !supportEmptyParas]--> <!--[endif]-->
Private |
|
33 |
Andy Warhol (1928-1987), Last Supper, 1986 |
2,000,000-3,000,000 |
£3,233,250,
$6,443,867
€4,070,662 |
US Trade |
|
14 |
Mark Rothko (1903-1970), Black, White, Blue, circa 1963 |
1,500,000-2,000,000 |
£2,505,250
$4,992,963
€3,154,110 |
Private |
|
25 |
Jeff Koons (b. 1955), Auto, 2001
WORLD RECORD PRICE FOR A PAINTING BY THE ARTIST |
2,200,000-2,800,000 |
£2,505,250
$4,992,963
€3,154,110 |
Gagosian Gallery |
|
16 |
Gerhard Richter (b. 1932), Kleine Strasse, 1987 |
2,000,000-3,000,000 |
£2,281,250
$4,546,531
€2,872,094 |
Private |
|
31 |
Lucian Freud (b. 1922), Head of a Woman, 1990-91 |
1,500,000-2,000,000 |
£2,057,250
$4,100,099
€2,590,078 |
European Private |
|
27 |
Gilbert & George (b. 1943 & b. 1942), To Her Majesty, 1973
WORLD RECORD PRICE FOR THE ARTISTS AT AUCTION |
400,000-600,000 |
£1,889,250
$3,765,275
€2,378,566 |
Anonymous |
|
|
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