Art Investment

The results of the evening sale Christie's «Post-War and Contemporary Art

Auction brought 272 million dollars. Favorite was the picture of Roy Lichtenstein

total revenues up to the evening auction Christie's «postwar and contemporary art» amounted to 272.9 million dollars. With the hammer took 93%of the lots for sale (92%in cash terms). Total attention of collectors were invited to 75 works, whose total estimate was 239,2-348,6 million. 63%of participants in the auction - buyers from the U.S., 20%- Europeans, 4%- from Asia and 13%- from other regions.

were broken price records for works by Roy Lichtenstein, Alexander Calder , Richard Lindner, Mark Tansey, Mark Grotyana and Morris Louis. Four lots were sold more expensive $ 10 million, eight lots - more expensive than 5 million and 45 lots broke the million-bar.

President of the American branch of Christie's Mark Porter: "We are pleased that our evening trades in the category of postwar and contemporary art, which became the most successful this week, attracted a large number of collectors from around the world. The thing is that this time the sale was presented these masterpieces of the museum, the work of such renowned artists as Roy Lichtenstein, Andy Warhol, Jeff Koons and Gerhard Richter, and earlier, these works do not appear on the market, but their provenance is truly perfect . Result trades almost four times exceeded the corresponding figures a year ago, which again confirms the stability of the market of outstanding works of art ».

topped the list of most expensive lots of the work of Roy Lichtenstein (1923-1997) "Ohhh ... Alright ...» 1964, pushed under the hammer for a record for the artist the sum of 42.6 million dollars.

This week trading in the category of" Post-War and Contemporary Art auctions go down in history as "the Week of Warhol": only at Christie's auction was put up 15 of his works, which together brought a revenue of 70.4 million dollars. Top-lot group and the second favorite evening sale was a product of 1962 under the name "Big bank Campbell's vegetable soup and a can opener," sold an anonymous buyer for 23.9 million dollars. The work was exhibited for sale from the collection of the famous Seattle collector Barney Ebsuorta, which owns in 1987.

Among the other top lots of the auction should note the following work:

• Outdoor Sculpture "Flower of the balloon (Blue)" performed by Jeff Koons (b. 1955), 1995-2000. Sculpture given Kunstsammlungen company Daimler, which acquired it directly from the artist, after which it for many years graced the Potsdamer Platz in Berlin. Proceeds from the sale of totaled 16.9 million dollars. Total artist had created five similar works executed in different colors.

• Cloth brush Gerhard Richter (b. 1932), entitled "Two Candles" in 1982, sold for 12.9 million dollars.

• Painting Mark Rothko (1903-1970) 1958 «№ 18 (black and brown to burgundy background)" from the collection of Franz Mayer, gone under the hammer for 9.6 million dollars.

in the auction was put up for sale a number of Lots of prominent private collections. For example, work from the collection of famous art dealer and scholar Robert Shapazyana were sold at 100%, was rescued in the amount of 33.97 million dollars. Top-lot section was the work of Andy Warhol's "Bank of tomato soup, Campbell's» 1962, sold for $ 9 million Estimé at 6-8 million.

Sales in the sections of works from the collection of California collector Max Palevsky was 24.2 million dollars. The most expensive work of the section - "Red Twirl" by Alexander Calder - was sold for 6.35 million dollars and set a new record on the work of Calder.

Among other things, price records were set at a number of other works. In particular, the work of Mark Tansey, "Dedication to Susan Sontag" in 1982, was sold for 4.7 million dollars, thereby traded on the New York Christie's auction just six months ago, the product of "Push-push" from the collection of Michael Crichton receded by 2 - place in the list of most expensive Tansey. For the record amounts of went under the hammer of Richard Lindner "West 48 th Street" in 1964 ($ 1 million), Mark Grotyana "Untitled" (1,48 million dollars) and Morris Louis "Saf" (2.99 million dollars) . New records were set for works on paper by Richard Lindner, Cy Twombly (and his sculpture) and Marcel Duchamp, as well as a picture of Felix Gonzalez-Torres.

Top-10 evening auction Christie's November 10, 2010 (New York) Post-War and Contemporary Art »

Lot

Description

Estimate, of millions of dollars

Price, USD

buyer

5

Roy Lichtenstein (1923-1997)
«Ohhh ... Alright ... » (1964)
world record for the artist

At the request

42642500

anonymous buyer

8

Andy Warhol (1928-1987 )
«Big bank Campbell's vegetable soup and a can opener» (1962)

30-50

23882500

anonymous buyer

23

Jeff Koons (p . 1955)
«flower from a balloon (Blue)» (1995-2000)

12-16

16 882 500

Gallery L & M Arts

30

12-16

12962 500

anonymous buyer

37

Mark Rothko (1903-1970)
«№ 18 (black and brown to burgundy background)»
(1958)

9-12

9,602,500

anonymous buyer

12

Andy Warhol (1928-1987)
«Bank of tomato soup, Campbell's» (1962)

6-8

9,042,500

private buyer from Europe

41

Jean-Michel Basquiat (1960-1988)
«Two heads» (1982)

6-10

7,082,500

anonymous buyer

25

Roy Lichtenstein (1923-1997)
«Still life with a palette» (1972)

5,5-7,5

6,802,500

anonymous buyer

47

Alexander Calder (1898-1976),
«Red Twirl» (1973)
world record for the artist

4-6

6,354,500

An anonymous buyer

33

Jackson Pollock (1912-1956)
«burning eyes II» (about 1947)

6-9

6,242,500

Gallery L & M Arts

Source : Press Release Christie's


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