Art Investment

Mark Rothko painting sold at Christie's for 86.9 million dollars

Bidding postwar and contemporary art Christie's brought in the amount of 388.5 million dollars. Updated records of Jackson Pollock, Gerhard Richter, Alexander Calder and Yves Klein

auction of contemporary and postwar art Christie's, the last on May 8 in New York, players will remember for a long time the art market. The joke is, in one evening was an absolute record for the cost of works of contemporary art, has made the biggest overall result of trades in this category, updated personal records of such masters as Jackson Pollock, Gerhard Richter, Alexander Calder and Yves Klein.

Mark Rothko Orange, red and yellow. in 1961
Mark Rothko Orange, red and yellow.
1961 Oil on canvas. 236,2 x 206,4
Christie's. 08/05/2012. Lot 20
Estimate: 35-45 million dollars
Result: 86.9 million
Source:
Barnett Newman Onement V.
1952 Oil on canvas. 152,4 x 96,5
Christie's. 08/05/2012. Lot 24
Estimate: 10-15 million dollars
Result: $ 22.5 million
Source:

main event of the evening auction, Christie's, of course, was the sale of the Mark Rothko «Orange, Red, Yellow" (1961) for 86.9 million dollars in the light of the commission. The picture comes from Pennsylvania philanthropist David Pincus . Work size of 2.4 by 2.1 meters, David and his wife, Gerry bought Marlborough Gallery. Cloth, a long time exhibited at the Philadelphia Museum of Art at Christie's for the proposed 35-45 million dollars. That is, Rothko painting was sold about twice as expensive than the estimate. Before the record of the "orange, red, yellow," the most expensive piece of postwar and contemporary art was the "Triptych" by Francis Bacon sold in 2008, Roman Abramovich for 86.28 million dollars.

Another Work from the collection of David Pincus has established a record price - «№ 28" (1951) Jackson Pollock. The picture was involved in retrospect master in 1967 at the MoMA. Lot sold for $ 23 million (estimate 20-30 million). Previous best score of Jackson Pollock at public auction - 11.7 million - was shown in 2004. But the work of Barnett Newman's 1952 «Onement V» (also from the family collection Pincus) went to a new owner for $ 22.5 million (estimate 10-15 million dollars). The previous record was four times less than the artist - $ 5.2 million. In total, 13 lots from the collection of David Pincus brought 174.9 million dollars.

Jackson Pollock number 28. 1951
Jackson Pollock № 28.
1951 Oil on canvas. 76,5 x 137,4
Christie's. 08/05/2012. Lot 22
Estimate: 20-30 million dollars
Result: 23 million dollars
Source:
Yves Klein FC 1 (Fire-color 1 .) 1962
tree, dry pigments, synthetic rubber
141 x 299,5 x 3
Christie's. 08/05/2012. Lot 34
Estimate: 30-40 million dollars
Result: 36.5 million dollars
Source:

« Fire "painting by Yves Klein« FC 1 »(Fire-color 1) with an estimate of 30-40 million dollars was sold for 36.5 million dollars. From now on, this is the best result of the artist (old record - 23.6 million - was established in 2008).

But the record did not end there. "Abstract Painting (798-3)" by Gerhard Richter in 1993 was sold for 21.8 million dollars - a million more of his sister-record holder ("abstract painting (849-3)», Sotheby's, November 9, 2011, 20.8 million dollars). All Richter, offers 8 May at Christie's , found buyers.

And finally, standing mobile by Alexander Calder's "Power lily », estimated at 8-12 million dollars, the price reached 18.6 million at auction, which is two and a half times more than the previous best result of the sculptor, 8.2 million dollars.


Gerhard Richter
abstract painting (798-3 .)
1993 Oil on canvas. 240 x 240
Christie's. 08/05/2012. Lot 14
Estimate: 14-18 million dollars
Result: 21.8 million dollars
Source: christies.com
Alexander Calder Power lily. 1 945
Alexander Calder Power lily. 1945
painted sheet metal, rods, wire
233 x 205,7 x 226,1
Christie's. 08/05/2012. Lot 33
Estimate: 8-12 million dollars
Result: 18.6 million
Source: christies.com

auction of postwar and contemporary Art Christie's May 8 yielded 388.5 million - the best overall result for the auction in this category. The previous record dates back to the art boom - in May 2007, the same Christie's auction ended with a score of 384.7 million dollars. 56 of the 59 lots offered found buyers.

Prepared by Mary Onuchina, AI

Sources : artinvestment.ru


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