Auction Results
Marion Maneker0May 11, 2012

Basquiat and Guarantees Bolster Phillips Sale

Katya Kazakina had these observations on Bloomberg:

  • “Things that are desirable and iconic sell very well,” said Simone Battisti, who recently joined the Gladstone Gallery in New York and Brussels as associate director. “Others don’t.”
  • The seller of Claes Oldenburg’s humorous sculpture “Popsicle, Hamburger, Price” (1961-1962) wasn’t as lucky. The work sold for $458,500, a 27 percent decline from the seller’s purchase price of $632,000 at Christie’s in 2006.
The Master, Judd Tully, does his detailed duty on Artinfo:
  • there was plenty of wonga around for the Willem de Kooning’s handsome, 80-by-70-inch cover lot abstraction, “Untitled VI” (1975), which sold to a telephone bidder for $12,402,500 (est. $10-15 million). New York dealer Robert Mnuchin was the underbidder. The guaranteed de Kooning last sold at auction in May 2000 at Sotheby’s New York for $1,380,750.
  • “Mao” (1973), which sold to New York dealer Hugo Nathan of Simon Dickinson Gallery for $10,386,500 (est. $9-12 million). It last sold at auction in November 1991 at Sotheby’s New York for a hard-to-believe $165,000.
Carol Vogel chatted up Philippe Ségalot and observed this sale:
  • Twombly’s “Untitled (Bolsena),” a canvas of scrawled white lines painted in 1969, was bought by a lone bidder for $5.5 million, or $6.2 million with fees; its low estimate had been $6 million. Still, it was a big price considering that the last time it was on the market, at Sotheby’s in 2004, it sold for $2.9 million.

Basquiat, Schutz Boost $87 Million Phillips de Pury Sale (Bloomberg)

Phillips de Pury & Company Nets $86.9 Million, Crowned by a Record $16.3-Million Basquiat (Artinfo)

Basquiat Painting Brings $16.3m at Phillips Sale (New York Times)

Auction Results
Marion Maneker0May 10, 2012

Phillips de Pury NY Cont Eve = $89.9m

  1. Jean-Michel Basquiat ($8-12m) $16.3m
  2. Willem de Kooning Untitled VI ($10-15m) $12.4m
  3. Christopher Wool, Untitled (S69) ($2.5-3.5m) $4m
  4. Joan Mitchell, Sunflowers ($1-1.5m) $1.65m
  5. Andreas Gursky, Prada II ($500-700k) $782,500 
  6. Dana Schutz, Death Comes to Us All ($300-400k) $482,500
  7. George Condo, The Three Graces ($350-450k) $458,500
  8. Sterling Ruby, Kiss Trap Kismet ($150-200k) $206,500
  9. Seth Price, Repossessed Audi ($50-70k) $92,500
Top Ten

Lot 6 Jean-Michel Basquiat, Untitled, $16,322,500

Lot 19 Willem de Kooning Untitled VI, $12,402,500

Lot 8 Andy Warhol, Mao, $10,386,500

Lot 4 Andy Warhol, Gun, $7,026,500

Lot 25 Cy Twombly, Untitled (Bolsena), $6,242,500

Lot17 Roy Lichtenstein, Brushstroke Nude, $5,458,500

Lot 3 Christopher Wool, Untitled (S 69), $4,002,500

Lot10 Roy Lichtenstein, Still Life with Cash Box, $3,442,500

Lot 5 Maurizio Cattelan, Daddy Daddy, $2,546,500

Lot 14 Andy Warhol, Statue of Liberty, $2,434,500

Artist World Records:

Lot 6 Jean-Michel Basquiat, Untitled, $16,322,500

Lot 42 Seth Price, Untitled, $92,500

Lot 44 Dana Schutz, Death Comes to All, $482,500

Auction Results
Marion Maneker0May 10, 2012

Sotheby’s NY Cont Day = $63.9m

 

  • Alexander Calder’s standing mobile The Orange Table which has been in the same family collection for nearly 70 years. The 1943 piece sold for $2,546,500 – the highest price achieved for a work in a Contemporary Art Day sale at Sotheby’s since May 2008.
  • Gerhard Richter, whose Abstraktes Bild (595-3) from 1986 continued a series of strong prices for the artist when it sold for $2,098,500
  • Andy Warhol Jackie from 1964 beating the estimate to fetch $1,202,500
  • Andy Warhol, 1963 Ambulance Disaster also exceeding the estimate to sell for $962,500.
  • Takashi Murakami, Kanye Bear which comfortably exceeded the high estimate to sell for $1,202,500 
  • David Hockney’s Palm Reflected in Pool, Arizona which sold for $962,500, well over the $250/300,000 estimate.
  • Jean Dubuffet, Arabe gesticulante selling for 1,258,500, many multiples of the $50/70,000 estimate

 

Auction Results
Marion Maneker0May 10, 2012

Bonhams NY Cont Late Afternoon = ~$1.05m

Auction Results
Marion Maneker1May 09, 2012

Sotheby’s NY Cont Eve Sale = $266.6m

  1. Francis Bacon, Figure Writing Reflected in Mirror ($30-40m) $44.88m
  2. Lichtenstein, Sleeping Girl ($30-40m) $44.88m
  3. Warhol, Double Elvis ($30-50m) $37m
  4. Richter, Abstraktes Bild 768-2 ($8-10m) $16.88m 
  5. Lichtenstein, Sailboats III ($6-8m) $11.84m 
  6. J-M Basquiat, Ring ($4-6m) $7.64m 
  7. Alexander Calder, Sumac VI ($2.5-3.5m) $5.9m
  8. Richter, Abstraktes Bild 748-6 ($2.8-3.5m) $4.95m
  9. Cy Twombly, Roma ($2-3m) $3.44m  
  10. Fontana, Concetto Spaziale ($1.2-1.8m) $3.05m
  11. Calder, Red Tooth ($500-700k) $2.88m 
  12. Christopher Wool, Untitled (P70) ($600-800k) $2.04m 
  13. Robert Ryman, Duration ($1-1.5m) $1.65m
  14. Damien Hirst, Awakening ($1-1.5m) $1.65m 
  15. Yves Klein, Untitled Monogold ($700-900k) $1.538m
  16. Glenn Ligon, Black Like Me #1 ($600-800k) $1.3m
  17. Andrea Gursky, May Day V ($600-800k)$902,500 
  18. Anish Kapoor, Untitled ($500-700K) $902,500 
  19. Mark Bradford, GRRR ($450-650k) $866,500 
Auction Results
Marion Maneker0May 09, 2012

Christie’s PWC Total = $465m

US$465 MILLION (£288.5 MILLION/ €358.3 MILLION) 

  • 21 New World Auction Records Set
  • 50 Works Sell Above $1 million

·         May 8 Evening Session    $388,488,000         Sold by Lot: 95%

·         May 9 Morning Session    $47,162,025           Sold by Lot: 88%

·         May 9 Afternoon Session $29,665,275           Sold by Lot: 89%

Auction Results
Marion Maneker0May 09, 2012

Christie’s NY PWC Day (Highlights)

  1. Calder, The Yellow Loop ($900-1.2m) $2.3m
  2. Calder, Horizontal with Pendants ($500-800k) $1.628m
  3. Jasper Johns, Untitled ($600-800k) $1.48m
  4. Twombly, Untitled (Roman Note 15) ($600-800k) $1.48m
  5. David Park, Two Heads ($600-800k) $1.02m
  6. Morris Louis, Addition IV ($500-700k) $902,500
  7. Warhol, Brillo Soap Pads ($400-600k) $812,500
  8. Norman Bluhm, Winter Nights ($400-600k) $722,500
  9. Lichtenstein, Waterlillies with Willows ($400-600k)$722,500
  10. Ruth Asawan, Untitled ($70-100k) $374,500
  11. Robert Motherwell, Australia II ($70-100k) $182,500
Auction Results
Marion Maneker0May 09, 2012

About Last Night

Christie’s Record-Setting Sale of Contemporary art had the observers nearly speechlees:
The Master, Judd Tully, had these wise words about last night’s star lot:
  • “The Rothko was a great value,” said Chicago dealer Paul Gray, who watched the action from a ringside seat near the front of the salesroom, “but it has superb quality if that’s  your brand of trophy picture. Put in the company of other $50-million-plus pictures and it belongs there.” (The fire-hued Rothko also epitomized the often hackneyed notion of ‘fresh to the market,’ since Pincus, a Philadelphia-based mensware magnate, acquired the painting from Marlborough Gallery in London back in 1967, three years after it debuted there in a 1964 solo exhibition.)
  • Urs Fischer’s paraffin wax sculpture, “Untitled (Standing),” depicting art collector Peter Brant, from an edition of two plus one artist’s proof, sold to London dealer Marco Voena $1,314,500
Dan Duray got a comment and made a sharp-eyed observation:
  • “It’s not only that they paid whatever it was they paid, it was that you had two or three serious underbidders on most lots,” said dealer Emmanuel Di Donna after the auction. It represented a market ticking upward. “And it’s not over,” he added, “I’m just seeing bigger and bigger demand for good objects.”
  • one telephone bidder—paddle number 1748—snagged both the record-setting Pollock (a 1951 piece, for $23 million) and a late Willem de Kooning (a spare 1983 work with a few colorful shapes against a white background, for $8.5 million).
Katya Kazakina spotted these buyers:
  • The first Calder to set a record, “Snow Flurry,” came from the collection of the late architect and industrial designer Eliot Noyes. It features white metal disks on thin wires, and was bought by Xin Li, Christie’s vice president and Asian business development director, who typically bids for Chinese clients.
  • The last lot of the sale, Warhol’s “Reel Basquiat” (1984), was purchased by Russian real-estate tycoon Vladislav Doronin, chairman of Moscow-based Capital Group, seated next to Warhol collector Peter Brant. The work fetched $3.3 million, above its high estimate.
Carol Vogel has this art advisor comment:
  • “The air is no longer thin at the top,” remarked Allan Schwartzman, a private New York dealer.
Kelly Crow in the Wall Street Journal:
  • Iowa collector John Pappajohn shook his head in awe as he left the sale room: “There aren’t any bargains anymore,” he said.

Record Sales for a Rothko and Other Art at Christie’s (New York Times)

Record Rothko Headlines at Christie’s (Wall Street Journal)

Auction Results
Marion Maneker0May 08, 2012

Christie’s NY PWC Eve = $388m

  1. Rothko, Orange, Red, Yellow ($35-45m) $86.88m.
  2. Yves Klein, FC-1 ($30-40m) $36.5m.
  3. Jackson Pollock, Number 28, 1951 ($20-30m) $23m
  4. Barnett Newman, Onement V ($10-15m) $22.4m
  5. Gerhard Richter, Abstraktes Bild (798-3) ($14-18m) 21.8m
  6. Gerhard Richter, Seestuck ($10-15m) $19.3m
  7. Calder, Lily of Force ($8-12m) $18.5m
  8. DeKooning, Untitled I ($8-12m) $14m
  9. Calder, Snow Flurry ($3.5-4.5m) $10.3m
  10. DeKooning, Untitled V ($4-6m) $8.48m
  11. Clyfford Still Untitled (PH-786, 1955-R) ($5-7m)$8.6m
  12. Richard Diebenkorn, Berkeley #59 ($4-6m) $6.24m
  13. Cadler, Untitled ($3-4m) $6.35m
  14. David Smith, Circles & Arrow ($3-4m) $4.56m
  15. Louise Bourgeois, Spider III ($2-3m) $4.562m
  16. Wayne Thiebaud, Dity Downgrade ($1.5-2m) $4m
  17. Jeff Wall, Dead Troops ($1.5-2m) $3.66m.
  18. Hans Hoffman, Kaleidos ($2-3m) $3.55m
  19. Lichtenstein, Brushstroke ($800-1.2m) $2.3m
  20. Josef Albers, Homage to the Square ($800-1.2m) $1.98m
  21. Anselm Kiefer, Lilith’s Tochter ($800-1.2m) $1.76m
  22. Urs Fischer, Untitled (Standing) ($700-1m) $1.3m
  23. Vija Celmins, Untitled #8 ($700-900k) $1.14m
  24. Sherrie Levine, Fountain ($250-350k) $962,500
  25. Marisol Escobar, Andy ($200-300k) $794,500
Auction Results
Marion Maneker0March 09, 2012

Sotheby’s Mid-Season Gainers, March 2012

  1. Cindy Sherman, Untitled Film Still #21 ($150-200k) $746k
  2. Alexander Calder, Wichita Mobile ($200-300k) $422,500
  3. Gerhard Richter, Abstraktes Bild ($250-350k) $548k
  4. Hans Hofmann, Suspended Shapes ($200-300k) $332,500
  5. Ruth Asawa, Untitled (S.407) ($120-180k) $278k
  6. Ed Ruscha, I Forgot to Remember to Forget ($100-150k) $218,500
  7. Ed Ruscha, Jubilee ($80-120k) $170k
  8. Adolph Gottlieb, Winsor Green Field ($70-90k) $170,500
  9. Steven Parrino, Untitled ($30-50k) $146,500
  10. Sam Francis, Untitled ($60-80k) $134,500
  11. Alexander Calder, Moulin a Vent ($40-60k) $134,500
  12. Andy Warhol, Somebody Wants to Buy Your Apartment Building ($70-90k) $134,500
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