The sale offered 70 works of art with 66 selling for a strong 94% sell through rate. The sale totaled $495.02 million including buyers premiums, selling 94% by value. The sale went well beyond the pre-sale estimates of $288.9 to $401.4 million. 9 lots sold for over $10 million. A few other items of note beyond the auction record, 59 of the 66 lots sold above one million, 23 lots topped $5 million.
The top selling lot was by Jacksopn Pollack, Number 19 an oil and enamel on paper mounted on canvas painted in 1948, it sold for $58.36 million including buyers premium (see image), a record for the artist at auction.. The pre-sale estimate was $25-$35 million. The Pollock was closely followed by Roy Lichtenstein's Woman with Flowered hat from 1963 which sold for $56.12 million.
Christie's reported on the sale
Source: Christie'sRELEASE: MAY 2013 POST-WAR AND CONTEMPORARY ART EVENING SALE
MAY 2013 POST-WAR AND CONTEMPORARY ART EVENING SALE ACHIEVED $495 MILLION
HIGHEST TOTAL IN AUCTION HISTORY
Christie’s auctioneer Jussi Pylkkanen, hammers down Jackson Pollock’s Number 19, 1948,which achieved the highest price for the artist at $58.3 million
POLLOCK’S NUMBER 19, 1948, SOLD FOR $58M (£38.5M / €45.5M)
A WORLD AUCTION RECORD FOR THE ARTIST
LICHTENSTEIN’S WOMAN WITH FLOWERED HAT REALIZED $56M (£37M / €43M)A WORLD AUCTION RECORD FOR THE ARTIST
DUSTHEADS FETCHED $48.8M (£32M / €38M), SETTING A NEW WORLD AUCTION RECORD FOR BASQUIAT
GUSTON’S TO FELLINI, ACHIEVED $25.8 (£17M / €20)WORLD AUCTION RECORD FOR THE ARTIST
STRONG INTERNATIONAL DEMAND FOR MASTERPIECES AND WORKS FROM PRESTIGIOUS PROVENANCE
16 NEW ARTIST RECORDS SET
3 WORKS SOLD ABOVE $40 MILLION, 9 ABOVE $10 MILLION, AND 59 ABOVE $1 MILLION
New York – On May 15th Christie’s Post-War and Contemporary Art evening sale achieved a staggering $495,021,500 (£326,714,190/ €386,116,770), 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 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. The sale established 16 new world auction records, selling 9 works for over $10 million, 23 for over $5 million and 59 for over $1 million.
“We are thrilled to announce an extraordinary total of $495 million for this evening’s sale of Post-War and Contemporary Art – the highest total in auction history. The remarkable bidding and record prices set reflect a new era in the art market, wherein seasoned collectors and new bidders compete at the highest level within a global market. Our sale was heavily focused on masterpieces and collections, achieving an astonishing 16 record prices. With Monday’s blockbuster charity sale, The 11th Hour Auction, our sales total exceeds a half a billion, raising $528.3 million,” said Brett Gorvy, Chairman and International Head of Post-War and Contemporary Art.
No comments:
Post a Comment