This November 14th, Christie’s Post-War and Contemporary Art sale became the most valuable auction ever in the category, at $412,253,100 (£259,719,453/ €321,557,418). Bidders from around the world convened in the saleroom to compete for the sale’s exceptional roster of works by the top artists of the category, including Andy Warhol, Franz Kline, Jean Michel Basquiat, Mark Rothko, Jeff Koons, and Roy Lichtenstein, among others. Eight new auction records were established, 11 works sold for over $10 million, 16 for over $5 million and 56 for over $1 million. The sale was 93% sold by value and 92% sold by lot.
“This evening’s sale set a new record total for any Post-War and Contemporary Art sale. Over the past six years, Christie’s has led this market first over the $200 million, then over the $300 million, and now over the $400 million barrier,” said Brett Gorvy, Deputy Chairman and International Head of Post-War and Contemporary Art. “We curated the sale around a rich variety of the highest quality works and most coveted artists in order to serve our broad international base of collectors in their quest to find the next iconic work, whether it is Pop Art, Abstract Expressionism, or cutting-edge contemporary.”