Art Investment

"Silver car crash" by Andy Warhol sold for 105.4 million dollars


Andy Warhol Silver car crash ( double fault ) . 1963
Sotheby's. 13.11.2013
Estimate on request (about $ 60-80 million )
Result: 105.4 million dollars
Source : Press Release Sotheby's

Once the whole world rocked trading of postwar and contemporary art Christie's November 12 on which the triptych by Francis Bacon sold for 142.4 million dollars, and " inflatable " dog by Jeff Koons sold for 58 million , rival Sotheby's difficult to surprise us with something else . However, they succeeded. Yesterday , November 13 , at the evening auction of contemporary art Sotheby's Andy Warhol's silkscreen "Silver car crash ( double fault ) " has set a new world record for the artist - 105.4 million dollars .

« Silver car crash ( Dual accident ) "is a series of four two-part Warhol in 1963 with a picture of a car accident. The artist used images of road accidents from the newspapers that are repeatedly printed on canvas silk screen printing method , using a silver reflective paint . On one side of the huge ( 2.4 x 4 meters ) of - multiple image car crashed into a tree , the second part of it - monochrome silver surface. Work with the estimate in the region of $ 60-80 million for 105.4 million dollars bought for his client Sotheby's employee Charles Moffett . The previous record was held Warhol in 2008, when the work of the "Green car crash ( Burning Green Machine - 1) " from the same cycle of "Death and disaster ," bought for 71.7 million dollars. If before Andy Warhol with his "Green car crash " ranked only 11th place in the ranking of the authors of the most expensive in the world of art , with a new record that it outperforms even the " walking man I» Giacometti and ascends to the 4th place - just behind Bacon , Munch and Picasso .

at least $ 77 million of the total revenue of yesterday's auction Sotheby's provided works from the collection of Steve Cohen , head of hedge fund SAC Capital, is currently on trial for insider trading . Among his works , for example, was " Liz number 1" Warhol ( estimate 20-30 million , the result of $ 20.3 million ) , an abstraction «AB, Courbet» Gerhard Richter (estimate 15-20 million dollars, 26.5 million results dollars ).

also record sales of Warhol , yesterday's auction Sotheby's also boasts a new personal record for the work Cy Twombly ( 21.7 million dollars), Agnes Martin ( 6.55 million dollars) , Martin Kippenberger ( 6.44 million) and Brice Marden ( 10.92 million dollars). In general, this auction is far from the auction Christie's, though, they say, Sotheby's had fewer top jobs. Total revenue totaled to 380.6 million ( at Christie's - a record 691.6 million dollars). That is, with the two auction houses have sold in two days of post-war and contemporary art at 1.1 billion dollars !

Prepared by Mary Onuchina , AI

Sources : bloomberg.com , reuters.com , artdaily.com , artinvestment.ru


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