Art Investment

Results bidding Christie's “Modern and postwar art"

Auction house Christie's announced that total revenue as a result of evening trading "Postwar and Contemporary Art" held on November 10 in New York amounted to 74 151 500 dollars. Top lots of the auction are works by Peter Doig, Jeff Koons and Joan Mitchell. New world records were set in the schedule, Philip Gaston and Brice Marden, as well as the figure of Jean-Michel Basquiat.

Marc Porter, President of Christie's Americas, said: "The results of this auction confirms the stability of the market of the postwar and contemporary art in respect of outstanding works, had not come to market, which include works by Peter Doig, Joan Mitchell and Jasper Johns. Collectors have shown a high level of demand, but for individual works of Jean-Michel Basquiat, Brice Marden and Philip Gaston broke this "war of rates. Special mention deserves sold at 100% section of works from the collection of John Cage and Merce Cunningham ».

section of works from the collection of John Cage and Merce Cunningham, brought to the attention of collectors in these trades, consisted of six outstanding works of Jasper Johns, Robert Rauschenberg and Philip Gaston. The total value of all six works amounted to 7,1 million dollars. John Cage and Merce Cunningham played a key role in the cultural life of postwar America. They have repeatedly cooperated and maintained friendly relations with the artists. Not surprisingly, the creation of a central collection of works - paintings of Jasper Johns' Dancers on a plane "1980-1981, - the artist was inspired by the unique plastic members of the troupe Cunningham. The picture went under the hammer for 4.34 million dollars.

selection of two works by Robert Rauschenberg, painted as a gift to John Cage, also has demonstrated reliable results. The work "Untitled" 1961 was sold for 938.5 thousand dollars, and the cost of fabric «No. 1 "in 1951 amounted to 962.5 thousand dollars. New record price of 542,5 thousand dollars was set schedule Philip Gaston "Untitled" 1953.

Top-lot trades became the painting by Peter Doig "Reflection (How does your soul)", written in 1996 and sold for 10.16 million dollars. In this work, which is one of the central works of the artist's retrospective exhibition, held at London's Tate Gallery in 2008, the influence of art by Gustav Klimt, Caspar David Friedrich, Claude Monet and Jackson Pollock. Despite such a versatile impact work Doig reflects a new and completely original image.

Joan Mitchell Painting "Untitled" in 1985 went under the hammer for 5.46 million dollars. A rich palette and staccato strokes, which distinguish the most outstanding works of the artist, typical for this work. The extraordinary energy paintings, created by Mitchell at the dawn of his creative career, foreshadows everything that will be famous for her mature works.

Confident results were achieved for works by Jean-Michel Basquiat. His 1982 work "Untitled" was sold for 3.1 million dollars, setting a record for the artist's drawing. The second work Basques - "Untitled (14 pictures)" went under the hammer for 1.99 million dollar. Graphite drawing by Andy Warhol's Heinz Ketchup and Soup Campbell »1961 found a buyer for 1.05 million dollars. In addition, through the work of Brice Marden's "Untitled (composition with the green)" in 1989, sold for 2.04 million dollars at the auction set a new record price for graphics artist.

Creativity Jeff Koons was represented at the auction three of his early works. One of them - "Large vase of flowers" (sold for 5.68 million dollars) - is a colorful work of 1991, combines a number of complex allusions to the theme of the social hierarchy, taste preferences, and sex. Job "Well of Desires 1998, which is part of one of the most well-known series Koons -" Banality "(mirror, executed in the rococo style, to create artworks inspired by old masters and thoughts of immortality), was sold for 1.14 million dollars . Installation of two vacuum cleaners in Plexiglas window of 1981-1987 years, develops the theme of the consumer society, went under the hammer for 3.1 million dollars.

sculpture by Donald Judd "Untitled (DSS 120)" (1968) was sold for 4.9 million pounds. Among other sculptural works presented at auction, deserve special mention two works by Alexander Calder. His large-scale mobility "Untitled" in 1950 was sold for 3.55 million dollars, while "Composition with red edge," created around 1943, went under the hammer for 2.38 million dollars.

work of Andy Warhol "Michael Jackson", which is part of a limited series of portraits of celebrities, made in 1980, was sold for 812.5 thousand dollars.

Source: press release Christie's


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