The Printer's Proof: Etchings by Lucian Freud from the Studio Prints archive sale realised £1,479,675/$2,326,049/€1,762,293, and was 86% sold by lot and 91% sold by value.
The top lot was Eli, 2002 which fetched £145,250/$228,333/€172,993 against a pre-sale estimate of £50,000-70,000, establishing a world record price for a print by the artist at auction.
Richard Lloyd, Head of Department, commented: “This morning’s highly successful sale was a tribute to Lucian Freud who was not only a painter of immense talent, but also an inspired printmaker. It was likewise a tribute to Marc Balakjian, the master printer who worked with Freud for the last twenty five years and from whose collection the sale came. The auction broke all previous records for Freud’s graphic work, and saw participation from many buyers new to this market. Single-artist sales are a concept in which Christie's leads the field and we look forward to our second such sale, Hockney on Paper, at South Kensington on Friday 17 February.”
The Hockney on Paper sale realized a total of £1,399,400/$2,209,653/€1,680,679, selling 80% by lot and 85% by value. The top lot was Los Angeles which fetched £121,250/$191,454/€145,621 against a pre-sale-estimate of £20,000-30,000.
Richard Lloyd, International Head of Department, and Alexandra Gill, Head of Department commented: “It is a rare pleasure to be able to curate a single-artist sale and we are thrilled with the results of the ‘Hockney on Paper’ auction which followed an exceptionally well-attended view. Strong bidding was received across all channels with several works selling for many times over their pre-sale estimates. The success of the sale is a testimony to both Christie’s skill at organising these landmark sales and David Hockney’s versatility as a draughtsman.”