Historical Record-Breaking Week For Christie’S - $638.6 Million - Post-War And Contemporary Art May 2013

7/30/2019 Historical Record-Breaking Week For ChristieS - $638.6 Million - Post-War And Contemporary Art May 2013

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P R E S S R E L E A S E | N E W Y O R K

F O R I M M E D I A T E R E L E A S E | 1 6 M A Y 2 0 1 3

HISTORICAL, RECORD-BREAKING WEEK FOR CHRISTIESSPRING POST-WAR AND CONTEMPORARY ART AUCTIONS IN NEW YORK

TOTALED $638.6 MILLION

WITH THE 11TH HOUR AUCTION, EVENING SALE AND DAY SALES

CHRISTIES LED THE ART MARKET WITH HIGHEST TOTAL EVER, IN ANY CATEGORY

New YorkThis week, Christies Post-War and Contemporary Art department set a new benchmark for the art market, raising a

staggering total of$638,615,900 (420,248,526/ 497,974,951) and setting 37 new records during its victorious sale week.

We are thrilled to announce an unprecedented overall total of $638.6 million for this weeks Post-War and Contemporary Art sale

series. The remarkable bidding and record prices throughout the four sales reflect a new era in the art market, wherein seasonedcollectors and new bidders compete at the highest level within a global market noted Brett Gorvy, Chairman and International

Head of Post-War and Contemporary Art.

Beginning the week was The 11th

Hour Auction on May 13th

, which proved to be the biggest wildlife charity auction ever staged as it

raised $38,827,000 (25,237,550 / 30,285,060) and set several new auction records. The triumphant Evening sale on May 15th

raised an unmatched $495,021,500 (326,714,190/ 386,116,770)the highest total in auction history, setting an astonishing 16

new auction records for the foremost artists of the last six decades, with 3 works sold above $40 million, 9 above $10 million and 23

above $5 million.


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The Day Sales on May 16th

demonstrated notable successors, setting new records for established and emerging artists alike as

bidders competed for an incredible arrayfrom the New York School to cutting-edge contemporaryselected from important

private collections. In fact, the role of provenance remained as important as ever throughout the Evening and Day sales, as property

from the Estate of Andy Williams and the Collection of Celeste and Armand Bartos drew $53,114,750 and $33,761,125 respectively.

Note to the editors

*Clifford Stills PH-1 was sold immediately after the sale - this after-sale is not included in the total.

TOTAL WITH PREMIUM %Lot %Value

The 11th Hour Auction 13 May $38,827,000 100% 100%

Evening sale 15 May $495,021,500 94% 94%

Morning sale 16 Nov $64,364,125 79% 81%

Afternoon sale 16 Nov $40,403,275 76% 88%

ARTISTS WORLD AUCTION RECORDS (The 11th

Hour Auction, Evening & Day Sales)

$58,363,750 Jackson Pollock, Number 19, 1948

$56,123,750 Roy Lichtenstein, Woman with Flowered Hat

$48,843,750 Jean-Michel Basquiat, Dustheads

$25,883,750 Philip Guston, To Fellini$14,123,750 Piero Manzoni Achrome

$6,510,000 Mark Grotjahn, Untitled (Standard Lotus No. II, Bird of Paradise, Tiger Mouth Face 44.01)

$4,827,750 Joseph Cornell, Magic Soap Bubble Set

$4,827,750 Hans Hofmann, Beatae Memoriae

$4,603,750 Julie Mehretu, Retopistics - A Renegade Excavation

$4,267,750 Richard Serra, L.A. Cone

$2,699,750 Luc Tuymans, Rumour

$2,139,750 Kenneth Noland, Circle

$1,785,000 Bharti Kher, The Skin Speaks A Language Not Its Own

$1,785,000 Sterling Ruby SP231

$1,575,000 Raymond Pettibon, No Title (The Lower Half...)

$1,575,000 Robert Longo, Untitled (Leo)$1,443,750 Ruth Asawa, Untitled (S.108 Hanging, Six-Lobed, Multi-Layered Continuous Form)

$1,179,750 El Anatsui, Another Plot

$1,050,000 Elizabeth Peyton, Leonardo, February 2013

$987,750 Ellen Gallagher, DeLuxe

$714,000 Dan Colen, To be titled$714,000 Mark Ryden, Queen Bee

$682,500 Joe Bradley, Muggles

$603,750 Michal Borremans, Hornet

$447,750 Jaume Plensa, Alegria I

$315,000 Carol Bove, Untitled

$262,500 Sergej Jensen, Untitled

$327,750 Bob Thompson, Cathedral

$315,000 Adam McEwen, Untitled$315,000 Rob Pruitt, 6:20pm, late Summer$315,750 Ken Price, Percival

$99,750 Theaster Gates, Work Chair

NEW ARTISTS RECORD BY MEDIUM (The 11th

Hour Auction, Evening & Day Sales)

$7,739,750 Cy Twombly, Untitled (Rome) (sculpture)

$5,723,750 Jean-Michel Basquiat, Furious Man (work on paper)

$1,443,750 Bruce Nauman, Marching Figure (work on paper)

$1,203,750 Urs Fischer, Pinky(painting)

$1,203,750 Christopher Wool, Untitled(work on paper)


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PRESS CONTACTS: Capucine Milliot | +1 212 641 5078 |[email protected]

About Christies

Christies, the world's leading art business, had global auction and private sales in the first half of 2012 that totaled 2. 2 billion/$3.5

billion. Christies is a name and place that speaks of extraordinary art, unparalleled service and expertise, as wel l 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. Christies 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 all categories,

with emphasis on Post-War and Contemporary, Impressionist and Modern, Old Masters and Jewellery. Private sales totaled 413.4

million/ $661.5 million in the first half of 2012, an increase of 53% on the previous year.

Christies has a global presence with 53 offices in 32 countries and 10 salerooms around the world including in London, New Y ork,

Paris, Geneva, Milan, Amsterdam, Dubai, Zrich, and Hong Kong. More recently, Christies has led the market with expanded

initiatives in growth markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in

Beijing, Mumbai and Dubai.

*Estimates do not include buyers premium. Sales totals are hammer price plus buyers premium and do n ot reflect costs, financing

fees or application of buyers or sellers credits.

# # #

Images available on request

Visit Christies Website atwww.christies.com

Complete catalogue available online atwww.christies.com or via the Christies iPhone app

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P o s t - W a r a n d C o n t e m p o r a r y A r t M o r n i n g S e s s i o n

New York, 16 May 2013, Sale #2786

[All sold prices include buyers premium]

192 lots sold Total: $64,364,125/41,836,681/50,204,018 79% sold by lot

243 lots offered 0.65= $1 / 0.78=$1 81% sold by value

Lot Description Estimate ($) Price Realized Buyer

265 Wayne Thiebaud, Reflected Landscape, oil oncanvas painted in 1966-1968. 700,000 - 1,000,000

$2,811,750

1,841,415

2,183,043

US Trade

213Kenneth Noland, Untitled, acrylic on canvas, painted in

1958-1959 400,000 - 600,000

$1,971,750

1,291,299

1,530,867

US Private

189Louise Bourgeois, Pillar, painted bronze with stainless

steel, conceived in 1949 and cast in 1990

1,200,000 -

1,800,000

$1,683,750

1,102,688

1,307,264

European Private

164Wayne Thiebaud, Sandwich, oil on canvas, painted in

1963. 900,000 - 1,200,000

$1,563,750

1,024,100

1,214,096

European Private

145 Sam Francis, White, oil on canvas, painted in 1951-52. 700,000 - 1,000,000

$1,443,750

945,512

1,120,928

US Private

129David Park, Boy in Striped Shirt, oil on canvas, painted in

1959. 600,000 - 800,000

$1,323,750

866,924

1,027,760

US Trade

181 Lee Krasner, Entrance, oil on canvas, painted in 1960. 700,000 - 1,000,000

$1,323,750

866,924

1,027,760

Anonymous

245Robert Indiana, LOVE, polychromed aluminum, conceived

in 1966 and executed in 1999.

1,200,000 -

1,800,000

$1,323,750

866,924

1,027,760

Anonymous

261Willem de Kooning, Women, oil on paper mounted on

canvas, painted in 1963-1964.700,000 - 1,000,000

$1,203,750

788,336

934,592

US Private

180Alexander Calder, Huit Rondelles Rouges, painted sheet

metal and wire, executed in 1971. 800,000 - 1,200,000

$1,143,750

749,042

888,008

European Trade

Jennifer Yum, specialist and head of the Morning sale noted, With a total of $63.6 million, the Post -War and Contemporary Art

Morning session sold 14 works above $1 million. Important works of prestigious provenance were represented, including

Kenneth Nolands chromatic Untitled, (lot 213) from the estate of Andy Williams that sold for $1,971,750, five times its pre-sale

estimate, and Cathedralby Bob Thompson (lot 214) realized a world auction for the artist at $327,750. A Robert Mangold (lot

116) from the Celeste and Armand Bartos Collection that was estimated at $150,000-200,000, achieved a strong result of

$531,750. The sale offered the chance to discover interesting early works by Roy Lichtenstein from the collection of his longtime

friends, the Solotorovsky family. All of the works from the familys collection (lots 136 139) doubled their presale estimates. Also

featured was an incredibly strong grouping of California painters, such as Bay Area native Richard Diebenkorns quiet Still Life (lot

206) that sold for $783,750, and West Coast Pop artist Wayne Thiebauds paintings. All of Thiebauds twelve works sold above

their presale estimates, while one standout landscape fetched the top price of the sale. The colorful Yayoi KusamasStatue of

Venus Obliterated by Infinity Nets (lot 281) was acquired by a US institution for $783,750.PRESS CONTACT: Capucine Milliot | +1 212 636 2680|[email protected]

Next Sale: Paris, 5 June 2013, Art ContemporainLondon, 25 June 2013, Post-War and Contemporary Art Evening Auction

Please clickhereto view the full international schedule of upcoming sales from the Post-War and Contemporary Art departmentat Christies

Estimates do not include buyers premium. Sales totals are hammer price plus buyers premium and do not reflect costs, financingfees or application of buyers or sellers credits.
mailto:[email protected]:[email protected]://www.christies.com/departments/post-war-and-contemporary-art-74-1.aspxhttp://www.christies.com/departments/post-war-and-contemporary-art-74-1.aspxhttp://www.christies.com/departments/post-war-and-contemporary-art-74-1.aspxhttp://www.christies.com/departments/post-war-and-contemporary-art-74-1.aspxmailto:[email protected]


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P o s t - W a r a n d C o n t e m p o r a r y A f t e r n o o n S e s s i o n

New York, 16 May 2013, Sale #2787

[All sold prices include buyers premium]

188 lots sold Total: $40,403,275/26,460,105/31,369,103 76% sold by lot

248 lots offered 0.66= $1 / 0.78=$1 88% sold by value

Lot Description Estimate ($) Price Realized Buyer

450Christopher Wool, Untitled (S171), enamel on canvas,

painted in 2004. 700,000 - 900,000

$1,383,750

906217.875

1,074,344

Asian Private

453

Christopher Wool, Untitled, alkyd on paper, executed in

1994.

WORLD RECORD PRICE FOR A WORK ON PAPER BY THE

ARTIST SOLD AT AUCTION

300,000 - 400,000

$1,203,750

788,336

934,592

US Trade

443

El Anatsui,Another Plot, aluminum and copper wire,

executed in 2007.

WORLD RECORD PRICE FOR THE ARTIST AT AUCTION

600,000 - 800,000

$1,179,750

772,618

915,958

US Trade

454Michelangelo Pistoletto, Ragazzo, painted tissue paper on,polished stainless steel, executed in 1965. 400,000 - 600,000

$1,143,750

749,042

888,008

US Trade

455 Anish Kapoor, Untitled, stainless steel, executed in 2006. 700,000 - 1,000,000

$1,113,750

729,399

864,716

European Private

518Sean Scully, Wall of Light Frieze, oil on canvas, painted in

2000. 600,000 - 800,000

$1,083,750

709,748

841,424

Anonymous

451Jean-Michel Basquiat, Untitled, acrylic, oil and oilstick on

wood panel, painted in 1981.

1,200,000 -

1,800,000

$999,750

654,736

776,206

European Trade

490 John Currin, Girl in Bed, oil on linen, painted in 1993. 800,000 - 1,200,000

$993,750

650,807

771,548

Asian Trade

441

Ellen Gallagher, DeLuxe, aquatint, dry-point, photogravure,

executed in 2004-2005.

WORLD RECORD PRICE FOR THE ARTIST AT AUCTION

250,000 - 350,000

$987,750

646,878

766,889

US Trade

426Wade Guyton, Untitled, Epson Ultrachrome Inkjet on

canvas, executed in 2010. 300,000 - 500,000

$939,750

615,442

729,622

European Private

Sara Friedlander, Head of the Afternoon Sale:The May 16th afternoon sale featured works from the most important artistsworking today: Wade Guyton, Mark Bradford, Nate Lowman, Mark Tansey, Adam McEwen and Albert Oehlen, all sold above

their estimate. Six world auction records were achieved, for Ellen Gallagher, (lot 441) at $987,750, El Anatsui, (lot 443) at

$1,179,750, Michal Borremans, (lot 512) at $603,750, Theaster Gates, (lot 524) at $99,750, Jaume Plensa, (lot 591) at $447,750

and Ken Price (lot 502) at $315,750.

Christopher Wools Untitled, (lot 453) was sold for $1,203,750, doubling the previous world auction record for a work on paper

by the artist. Leading the sale was a selection of works from the Collection of Donald Young, most of which were acquired

directly from the artist. The sale was also led by an outstanding section of works donated by artists, dealers and private

collectors to benefit Human Rights Watch, a human rights advocacy organization. This section totaled $919,750 (lots 578-591)

PRESS CONTACT: Capucine Milliot | +1 212 636 2680|[email protected]

Next Sale: Paris, 5 June 2013, Art ContemporainLondon, 25 June 2013, Post-War and Contemporary Art Evening Auction

Please clickhereto view the full international schedule of upcoming sales from the Post-War and Contemporary Art departmentat ChristiesEstimates do not include buyers premium. Sales totals are hammer price plus buyers premium and do not reflect

costs, financing fees or application of buyers or sellers credits.
mailto:[email protected]:[email protected]://www.christies.com/departments/post-war-and-contemporary-art-74-1.aspxhttp://www.christies.com/departments/post-war-and-contemporary-art-74-1.aspxhttp://www.christies.com/departments/post-war-and-contemporary-art-74-1.aspxhttp://www.christies.com/departments/post-war-and-contemporary-art-74-1.aspxmailto:[email protected]

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Historical Record-Breaking Week For Christie’S - $638.6 Million - Post-War And Contemporary Art May 2013