Post-War and Contemporary Art Evening Auction Results
Posted by fidest press agency su mercoledì, 8 marzo 2017
London – The Post-War and Contemporary Art Evening Auction continued the confidence that launched the season, totalling £96,384,000 / $117,781,248 / € 111,034,368, a 65% increase on last February’s equivalent total, with strong sell-through rates of 95% by lot and 98% by value. The top price of the evening was for Peter Doig’s spellbinding snow scene Cobourg 3 + 1 More, which saw determined bidding in the saleroom and on the phone and sold for £12,709,000 / $15,530,398 / €14,640,768. Another highlight Mark Rothko’s No. 1 (1949), realised a price of £10,693,000 / $13,066,846 / €12,318,336 demonstrating that American artists were a particular draw for collectors. This was echoed with Jean-Michel Basquiat’s Self Portrait, from the collection of U2’s Adam Clayton, selling for £2,225,000 / $2,718,950 / €2,563,200, and Basquiat’s Alpha Particles (£3,973,000 / $4,855,006 / €4,576,896, both emphasising international demand for the artist ahead of his first UK retrospective at the Barbican later this year. The appeal of contemporary European masters was demonstrated by Jean Dubuffet’s painting Être et poraître (To Be and to Seem), achieving £10,021,000 / $12,245,662 / €11,544,192, while his work on paper Deux Arabes gesticulant (Two gesticulating Arabs) set a world record at auction for the medium of £1,109,000 / $1,353,198 / €1,277,568. The total to date for 20th Century at Christie’s is £258,313,636 / £318,704,602 / £300,478,142.
“The exceptional sell-through rates of 95% by lot and 98% by value demonstrate that Christie’s is able to anticipate and meet the demands of the market today. The prices achieved for American artists demonstrate that they are a significant force and London is an international platform, with top prices achieved for Carl Andre, Jean-Michel Basquiat, Alexander Calder, Robert Rauschenberg, Mark Rothko and Andy Warhol. Jean Dubuffet was another major highlight selling above estimate. The evening opened with record prices at auction for Wolfgang Tillmans, currently the subject of a celebrated retrospective at Tate Modern, quickly followed by records for Cecily Brown, Njideka Akunyili Crosby, Henry Taylor, Albert Oehlen, Carol Rama and Günther Uecker.” Edmond Francey, Head of Department, Post-War and Contemporary Art, London (photo: post war)