On 25 June, Christie’s London evening auction of Post-War & Contemporary Art realized a total of £70,253,225 / $108,470,979 / €82,477,286, selling 90% by value and 80% by lot. The top lot of the sale was Jean-Michel Basquiat’s Untitled (1982) which sold for £18,765,875 / $28,974,511 / €22,031,137.
Peter Doig’s Jetty (1994) sold for £7,341,875 / $11,335,855 / €8,619,361 (estimate: £4,000,000-6,000,000).
The first 8 lots from the Homage to Chillida collection sold 100% realising a total result of £7,335,000/ $11,325,240 / €8,611,290, against a combined low estimate of £5.7 million. The remaining 39 lots will be offered for sale on 26 June.
Francis Outred, International Director and Head of Post-War & Contemporary Art, Christie’s Europe: “Following the recent records set at Christie’s for Basquiat and Doig, yet again we saw strong results for these artists both of whom made their second price. Three artists across generations and around the world made record prices – from Chillida in the Post-War period, to Castellani in the Sixties and Banisadr today. Overall the auction showed an intelligent, solid market and a depth of global bidding, which is a testament to the worldwide interest in Post-War and Contemporary art”.