POST-SALE RELEASE: SPRING POST-WAR AND CONTEMPORARY ART AUCTIONS IN NEW YORK

New York

HISTORIC, RECORD-BREAKING WEEK FOR CHRISTIE’S

TOTALED $975 MILLION

WITH THE IF I LIVE I’LL SEE YOU TUESDAY AUCTION, EVENING SALE AND DAY SALES

CHRISTIE’S LED THE ART MARKET WITH HIGHEST TOTAL EVER, IN ANY CATEGORY 

 New York— Christie’s Post-War and Contemporary Art department set a new benchmark for the art market, raising a staggering total of $975 million and setting 34 new records during its successful sale week.

“The current commentary on the art market currently avoids what is truly driving it.  It is the work of art itself,” said Steven Murphy, Chief Executive Office, Christie’s. “It is an extraordinary cultural moment.  When works of art regularly sell for these figures, with a queue of bidders lined up from across the globe to try to secure the piece, and many thousands more viewing the art online, it is not the promise of a financial return that is creating the urgency to own the work of art.   It is the art that is drawing people in increasing numbers to museums, art fairs and galleries all over the world.  More people than ever before want to connect with art; and the growth in this audience globally, makes the few, individual, true masterpieces available more valuable than ever before.”

"We are thrilled to announce an unprecedented overall total of $975 million from this week’s series of Post-War and Contemporary Art sales. The remarkable bidding and strong sell-through rate achieved throughout three days of sales, reflect the growing appetite for contemporary art across the global marketplace, wherein international collectors compete at every level of the market to acquire a large spectrum of works ranging from Post-War masterpieces from important collections to cutting edge examples from young contemporary artists," noted Brett Gorvy, Chairman and International Head of Post-War and Contemporary Art.

SALE

DATE

ESTIMATE

TOTAL

# lots

% $

% lot

RECORDS

IF I LIVE I’LL SEE YOU TUESDAY

12 May

$92,960,000 - $124,080,000

$134,630,000

35

99.5%

97%

14

EVENING SALE

13 May

$519,130,000-$711,620,000

$744,944,000

68

98%

94%

10

MORNING SALE

14 May

$42,457,500-$60,103,500

$57,719,250

116

88%

88%

3

AFTERNOON SALE

14 May

$31,840,000-$45,990,000

$37,929,250

141

83%

72%

6

ONLINE-ONLY

8-20 May

$1,725,000-$2,443,000

in progress

36

x

x

 

TOTAL

12-20 May

$688,112,500-$944,236,500

$974,622,500

396

x

x

35

 

32 WORLD AUCTION RECORDS

 

$84,165,000        Barnett Newman (1905-1970)                    Black Fire I

$25,925,000        Alexander Calder (1898-1976)                    Poisson volant (Flying Fish)

$18,645,000        Martin Kippenberger (1953-1997)             Untitled

$11,925,000        Peter Doig (b. 1959)                                        Road House

$11,925,000        Joan Mitchell (1925-1992)                             Untitled, Lot 34

$8,565,000           Richard Prince (b. 1949)                                 Nurse of Greenmeadow

$7,781,000           Joseph Cornell (1903-1972)                          Medici Slot Machine

$6,661,000           Frank Stella (b. 1936)                                      Abajo

$4,197,000           Robert Gober (b. 1954)                                 The Silent Sink, plaster

$4,197,000           On Kawara (b. 1933)                                       May 1, 1987

$5,317,000           Thomas Schütte (b. 1954)                             Großer Geist Nr. 6

$3,077,000           Dan Colen (b. 1979)                                         Boo Fuck'n Hoo,

$2,629,000           Glenn Ligon (b. 1960)                                     Untitled #1 (Second Version)

$1,805,000           Martin Puryear (B.1941)                                Untitled

$1,445,000           Salvatore Scarpitta (1919-2007)                  The Corn Queen

$1,445,000           Walton Ford (b. 1960)                                    Bitter Gulfs

$1,325,000           Marc Quinn (b. 1964)                                      Myth Venus

$1,061,000           Tauba Auerbach (b. 1981)                            Crumple IV

$1,025,000           Alex Israel (B. 1982)                                        Sky Backdrop

$1,025,000           George Segal (1924-2000)                            The Dancers

$965,000              Robert Mangold (b. 1937)                            Curved Plane/Figure VII

$965,000              Joe Bradley (b. 1975)                                      Blonde

$495,000              R.H. Quaytman (b. 1961)                               Passing Through the Opposite of What it Approches, Chapter 25

$329,000              Adam McEwen (b. 1965)                               Untitled

$305,000              Michael Riedel (B. 1972)                                Untitled (td bgcolor)

$281,000              Lucas Samaras (b. 1936)                                                Box #102

$269,000              Jim Nutt (b.1938)                                             Please, Stop Smiling

$245,000              Ed Paschke (1939-2004)                                 Bag Boots

$245,000              David Ostrowski (b. 1981)                             F             

$137,000              Louis Eisner (b. 1988)                                      Marshall Head (Void)

$125,000              Israel Lund (b. 1980)                                       Untitled

$102,500              Jonathan Yeo (b. 1970)                                  Girl Reading (Malala Yousafzai)

2 WORLD AUCTION RECORDS FOR THE ARTIST IN THE MEDIUM

$3,973,000           Richard Prince (B. 1949)                                 Spiritual America                                              (PHOTOGRAPH)

$1,445,000           Christopher Wool (b. 1955)                          Untitled (CATS IN BAG BAGS IN RIVER) (WORKS ON PAPER)

 

About Christie’s

Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting Private Sales for clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.