In the coming days in the U.S. will auction of postwar and contemporary art Christie's and Sotheby's. Estimeyty promise much

Yves Klein FC I (Fiery color I)
Christie's, May 8, 2012
Estimate 30-40 million
Source: lepoint.fr

8 and May 9 in New York will auction of contemporary and postwar art. Christie's will hold its auction of May 8, Sotheby's - 9th. The upper plate aggregate estimate of future trades - 663 million dollars, and it is possible that the aggregate earnings of two auction houses will set a new record.

In November 2007, Christie's and Sotheby's, together earned 565 million dollars at the auction and post-war modern art. This year's minimum expected amount - 474 million dollars (60 million more than the overall estimate of the upper bracket in 2007).

upper estimate Christie's auction of 351 million, and if these expectations are met, then the current bid will be the best auction of postwar and contemporary art for the company in history. Sotheby's, too, can successfully compete with the sample itself in November 2007 when the company earned its best sum bid on similar - 225 million (Estimé trades 221-331 million dollars).

Like Just as Pablo Picasso (Pablo Picasso) prevails in the auction of Impressionist and modern art, Andy Warhol (Andy Warhol) remains the most popular artist of the next chronological period. Last May, in the catalogs of both companies had 15 of his works. But this year, Warhol moved Gerhard Richter (Gerhard Richter): in the upcoming auction will be nine of his works, while the works of the father of pop art - a total of six.

Richter today on a horse: a October last year, six of his works failed to overcome the 10 millionth milestone, they are now in great demand: on the same October, only 20 percent of the exhibited works for sale Richter left without a buyer. It is expected that over the two evenings of Richter's auction could bring 54 to $ 74 million, is greater than its earnings for 2009 and 2010 combined.

Only two catalog includes works of 64 artists. It is expected that new personal records will install 19 of them, including Yves Klein (Yves Klein). His work «FC I (Fiery color I)» can bring 30-40 million dollars, although the previous record of the artist is only 21 million for the painting «MG9» (established four years ago). Expected to set a new record, and Roy Lichtenstein (Roy Lichtenstein) with work "Sleeping Girl", also claiming to be the result of 40 million, which is slightly more expensive than his paintings, "I see the whole room! In it there is no one! "Sold for 38.5 million dollars last November.

Works who died last year, Cy Twombly (Cy Twombly) also remain very popular: it had the best results shown in 2011 by two untitled paintings in 1967 and 2006, had brought 13.5 and $ 8 million, respectively. The work of Twombly "Untitled (New York)" 1970 will be at Sotheby's May 9 with an estimate of 15-20 million dollars.

Generally, according to the estimate, Sotheby's and Christie's serious about Records: estimeyty four works are more than double the previous record of their authors. Thus, the work of Jackson Pollock (Jackson Pollock) «Number 28" is estimated at 30 million, while his best result of the auction is only 10.4 million dollars. The work of Barnett Newman (Barnett Newman) «Onement V» is estimated at 15 million dollars, and his current record stands at 4.6 million dollars ("Untitled", 1969). At these auctions will also be presented nine works by Alexander Calder (Alexander Calder), whose current record - $ 5.6 million for his work "Red Pattern" - hardly able to withstand competition from his "Power lily", estimated at 12 million and "Red Sachet" with an estimate of 6 million.

And for the best result of two evenings of postwar and contemporary art, is expected to compete "Double Elvis" by Andy Warhol, with an estimate of 30-50 million at Sotheby's, and the work of Mark Rothko's "Orange, Red, Yellow", estimated at 35-45 million dollars. But Rothko's work since 2008 has never cost more 35 million. Even in one of upcoming trades substantial potential: a picture of Francis Bacon (Francis Bacon) «Writing a man, reflected in a mirror" is estimated at 30-40 million dollars (Bacon crossed the 40 millionth of the bar in 2008).

If you could move into the past and knowing the current prices, with a mind to invest in works of art selected for the investment would be worth following objects: the work of Roy Lichtenstein (Roy Lichnetstein) «Smear," which in 1978 can be bought for 10,500 dollars, and now it is estimated at 0.8-1.2 million, and his "boat", which in 1998 cost 1.25 million and 6.8 million today. This category also includes "Seascape" by Gerhard Richter, who in 1993 brought 417,000 dollars, and is now offered at a price of 10-15 million. In 1999, cost 400,000 to invest in the work of Jean-Michel Basquiat (Jean-Michel Basquiat) «Ring," which can earn in the coming days 4-6 million. Good investment and would work by Willem de Kooning (Willem de Kooning) «Untitled», for which in 1989 gave 400,000, and now expect to get 4-6 million dollars.

multimillion champions 2006-2008, Jeff Koons (Jeff Koons) and Damien Hirst (Damien Hirst) will present two works from the upper estimate 1.2 and 1.5 million respectively.

Although China dominated operators on contemporary art, only one Chinese artist decorate his work coming auction. This is Ai Weiwei (Ai Weiwei), which is outside their homeland is far more popular than in China: 79 percent of the sales of his works are abroad.

Upcoming auctions, as always, will be the litmus test for the market works "premium" class (more expensive $ 100 thousand), which has staunchly maintains that all adverse economic fluctuations (the price of expensive works of art with January 2009 increased by 30 per cent).

Prepared by Mary Estrova, AI

Source : artprice.com , artinvestment.ru