Christie’S London Evening Auction Of Post-War & Contemporary Art Totals £70.2 /$108.5 /€82.5 Million

7/28/2019 Christie’S London Evening Auction Of Post-War & Contemporary Art Totals £70.2 /$108.5 /€82.5 Million

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CHRISTIE’S LONDON EVENING AUCTIONOF

POST-WAR & CONTEMPORARY ART TOTALS £70.2 /$108.5 /€82.5 MILLION

Three records established for artists from across the generations and around the world

STRONG PRICES FOR BASQUIAT AND DOIG

THE ‘HOMAGE TO CHILLIDA’ COLLECTION SOLD 100%

In total 14 lots sold for over £1 million and 25 lots for over $1 million

3 Artist Records Established

London - On 25 June, Christie’s London evening auction of Post-War & Contemporary Art realised a total of £70,253,225 /

$108,470,979 / €82,477,286, selling 90% by value and 80% by lot. The top lot of the sale was Jean-Michel Basquiat’s

Untitled (1982) which sold for £18,765,875 / $28,974,511 / €22,031,137 (estimate on request; illustrated above).

Peter Doig’s Jetty (1994) sold for £7,341,875 / $11,335,855/ €8,619,361 (estimate: £4,000,000-6,000,000).

The first 8 lots from the Homage to Chillida collection sold 100% realising a total result of £7,335,000/ $11,325,240 /

€8,611,290, against a combined low estimate of £5.7 million. The remaining 39 lots will be offered for sale on 26 June.

Francis Outred, International Director and Head of Post-War & Contemporary Art, Christie’s Europe: “Following the recent

record s set at Christie’s for Basquiat and Doig, yet again we saw strong results for these artists both of whom made their

second price. Three artists across generations and around the world made record prices – from Chillida in the Post-War

period, to Castellani in the Sixties and Banisadr today. Overall the auction showed an intelligent, solid market and a depth of

global bidding, which is a testament to the worldwide interest in Post-War and Contemporary art ”.

P O S T - S A L E P R E S S R E L E A S E | L O N D O N | 2 5 J u n e 2 0 1 3

F O R I M M E D I A T E R E L E A S E

Jussi Pylkkänen, President of Christie’s EMERI, selling the top lot of the sale:

Jean-Michel Basquiat’s Untitled

Painted in 1982, it sold for £18,765,875 / $28,974,511 / €22,031,137



TOP LOTJean-Michel Basquiat’s Untitled sold for £18,765,875 / $28,974,511 / €22,031,137 (estimate on request). An epic

large-scale double portrait from 1982, a pivotal year in the artist’s career , it forms part of the series of important

double portraits, including Untitled (Two Heads on Gold) and Dustheads (which set the current record price for the

artist at auction when it sold at Christie’s New York in May). The full-length double portraits of 1982 marked

Basquiat’s coming of age in the art world. In 1982 he w as 21, he had just met his idol Andy Warhol, and the success

of his gallery show at Annina Nosei that March gave him a new-found freedom, enabling him to earn a living from his

paintings. The dancing figures in this work evoke the joyous spirit of this heady time when Basquiat had just broken

through to art world super-star status.

FURTHER HIGHLIGHTS OF THE SALEConsigned from the same prestigious collection within which it had remained since the year of its creation, Jetty

(1994), a masterpiece by Peter Doig, sold for £7,341,875 / $11,335,855 / €8,619,361 (estimate: £4,000,000-

6,000,000). Executed on a monumental scale, Jetty creates an idealised vision of a landscape, vast and all

encompassing. Taking a scenic postcard as his point of departure, Jetty is a nostalgia-tinged rendering of Alberta’s

Cameron Lake in Western Canada.

All three works by Doig offered in the Christie's evening auction sold far above their pre-sale estimates.

Nicolas de Staël’s Marseille (1954) realised £3,085,875 / $4,764,591 / €3,622,817 (estimate: £1,000,000-1,500,000).

Dating from the pinnacle of the artist’s career, when nature and landscape became his preferred subjects through

which to explore colour and form, Marseille is one of de Staël’s Mediterranean paintings, which are among his most

celebrated works.

One of the earliest examples of Roy Lichtenstein’s Pop imagery Cup of Coffee (1961) fetched £2,805,875 /

$4,332,271 / €3,294,097 (estimate: £1,500,000-2,000,000). With its graphic intensity and striking array of hand-

stencilled indigo blue Benday dots, this work is a crucial marker of the advent of Pop Art in America and forms part

of a series of single object paintings that represented quintessential American life and were sourced from mass-

produced newsprint ads.

Yves Klein’s SE 181 (1960) sold for £2,693,875 / $4,159,343 / €3,162,609 (estimate: £1,400,000-1,800,000). With its

elegant oceanic sponge form is one of only three extremely rare versions in the artist’s oeuvre in which the sponge

and base are organically linked by Klein’s trademark blue, creating a tree-like form. Drenched in the artist’s signature

International Klein Blue, this sponge sculpture embodies the essence of the artist’s celebrated Sculptures éponges

that have recently made record prices at Christie’s.

One of five large and uniquely formatted works that Enrico Castellani made for the Central Italian Pavilion of the

1966 Venice Biennale, Superficie bianca n. 34 (White Surface n. 34) realised £1,853,875 / $2,862,383 / €2,176,449,

setting a new world record price for the artist at auction (estimate: £400,000-600,000). Superficie bianca n. 34 is a

work that breaks down the conventional borderlines between painting and sculpture and between space, surface

and material. Following his mentor Lucio Fontana's radical break with tradition, Castellani evolved a technique of

spatially distorting the empty monochrome surface of the painting by stretching it over a systematically prepared

relief background of nails.

‘HOMAGE TO CHILLIDA’ Christie's evening auction offered the first 8 works from the group of 47 lots which formed the complete Homage to

Chillida exhibition curated by Kosme de Barañano and held at Guggenheim Museum Bilbao in 2006. Representing a

fitting testament to the remarkable career of Eduardo Chillida (1924-2002), sold 100% totalling £7,335,000/

$11,325,240 / € 8,611,290 (combined pre-sale estimate: £5,680,000-7.5 mllion).

The top lot from this section of the sale was Eduardo Chillida’s monumental sculpture Buscando la Luz IV (2001).

Standing as a tribute to light and to the earth, this spectacular 8-metre tall and 17 tons heavy monolith, sold for

£4,093,875 ⁄ $6,320,943 ⁄ €4,806,209, setting a new world record for the artist at auction (estimate on request).

The Post-War and Contemporary Art Day Auction will take place on 26 June, at 1pm,

and will feature the remaining 39 lots from ‘Homage to Chillida’.



ARTIST RECORDS:

Lot 4, Ali Banisadr (b. 1976), In the Name Of , 2008, £217,875 / $336,399 / €255,785

Lot 35, Enrico Castellani (b. 1930), Superficie bianca n. 34, 1966, £1,853,875 ⁄ $2,862,383 ⁄ €2,176,449

Lot 56, Eduardo Chillida (1924-2002), Buscando la Luz IV , 2001, £4,093,875 ⁄ $6,320,943 ⁄ €4,806,209

PRESS CONTACT: Cristiano De Lorenzo | +44 207 389 2283 | [email protected]

About Christie’s

Christie’s, the world's leading art business, had global auction and private sales in 2012 that totalled £3.92 billion/$6.27 billion.

Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international

glamour. Founded in 1766 by James Christie, Christie's has since conducted the greatest and most celebrated auctions through

the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers over 450 auctions annually in over

80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range

from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in allcategories, with emphasis on Post-War and Contemporary, Impressionist and Modern, Old Masters and Jewellery. Private sales

totaled £631.3 million/$1 billion in 2012, an increase of 26% on the same period last year.

Christie’s has a global presence with 53 offices in 32 countries and 10 salerooms around the world including in London, New

York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, and Hong Kong. More recentl y, Christie’s has led in growth markets such

as Russia, China, India and the Middle East, with successful sales, exhibitions and initiatives in Moscow, Baku, Beijing, Mumbai,

Delhi, Jeddah, Abu Dhabi, Doha and Dubai.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs,

financing fees or application of buyer’s or seller’s credits.

Images available on request

Complete catalogue available online at www.christies.com or via the Christie’s iPhone app

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P O S T - W A R & C O N T E M P O R A R Y A R T E V E N I N G A U C T I O N

London, Tuesday 25 June 2013 , Sale 1134

[All sold prices include buyer’s premium]

lots sold 51* Total: £70,253,225/$108,470,979/€82,477,286 80 % sold by lotlots offered 64 $1.544 = £1 / € 1.174 =£1 90% sold by value

Lot Description Estimate (£) Price Realised Buyer

25 Jean-Michel Basquiat (1960-1988), Untitled , 1982 Estimate on Request

£18,765,875

$28,974,511

€22,031,137

Anonymous

9 Peter Doig (b. 1959), Jetty, 1994 4,000,000 - 6,000,000

£7,341,875

$11,335,855

€8,619,361

Anonymous

56

Eduardo Chillida (1924-2002), Buscando La Luz IV

(Looking for the Light IV), 2001

WORLD RECORD PRICE FOR THE ARTIST

AT AUCTION

Estimate on Request

£4,093,875

$6,320,943

€4,806,209

Anonymous

6 Nicolas de Staël (1914-1955), Marseille, 1954 1,000,000 - 1,500,000

£3,085,875

$4,764,591

€3,622,817

European Private

27 Willem de Kooning (1904-1997), Untitled XXVIII, 1983 1,800,000 - 2,500,000

£2,861,875

$4,418,735

€3,359,841

Anonymous

22 Roy Lichtenstein (1923-1997 ), Cup of Coffee , 1961 1,500,000 - 2,000,000

£2,805,875

$4,332,271

€3,294,097

Private

7 Yves Klein (1928-1962), SE 181, 1961 1,400,000 - 1,800,000

£2,693,875

$4,159,343

€3,162,609

European Trade

16 Peter Doig (b. 1959), White Out, 1992 700,000 - 1,000,000

£1,909,875

$2,948,847

€2,242,193

European Private

35

Enrico Castellani (b. 1930), Superficie bianca n. 34, 1966

WORLD RECORD PRICE FOR THE ARTIST

AT AUCTION

400,000 - 600,000

£1,853,875

$2,862,383

€2,176,449

European Private

39 Cy Twombly (1928-2011), Untitled (Rome), 1980-1981 1,400,000 - 1,800,000

£1,629,875

$2,516,527

€1,913,473

US Trade

*Lot 54 sold after the hammer had gone down whilst the sale was still taking place for £115,875/$178,911/ €136,037

*Please see separate post-sale press release for comment

PRESS CONTACT: Cristiano De Lorenzo |+ 44 (0) 207 389 2283| [email protected]

Next Sale: Post-War & Contemporary Art Day Auction - 26 June 2013, London.Please click here to view the full international schedule of upcoming Post-War & Contemporary Art auctions at Christie’s

Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs,

financing fees or application of buyer’s or seller’s credits.




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Christie’S London Evening Auction Of Post-War & Contemporary Art Totals £70.2 /$108.5 /€82.5 Million