Christie’s Evening and Day sales of Post-War and Contemporary art achieved €25,132,150 / £18,597,791 / $28,399,330 with great sell-through rates of 93% by lot, 96% by value and 48% of the lots selling above presale estimates. The room and telephone bidders from over 30 different countries competed dynamically to acquire 172 carefully selected lots and demonstrated strong interest for American, European and French artists. The top lot of the sales was Klein’s Monochrome bleu sans titre, (IKB 240) that the artist painted in 1955. Works by Jean Dubuffet, Germaine Richier, Martial Raysse achieved strong results. Exceptional prices were achieved for international artists including Mitchell, Fontana, Uecker, Zao-Wou ki, Chu Teh Chun and again demonstrates the strength of the Paris market place in Christie’s’ leadership worldwide”.
Laetitia Bauduin, Head of the Department: “Our team is pleased that each carefully selected work created a very dynamic saleroom, with fierce competition for almost each lots. French (29%) and international buyers have recognized that all works were chosen based on top quality, private provenances, freshness to the market and attractive estimates. We are glad that both sales offered a wide variety of international works, across price-points”.
Paul Nyzam, responsible for the Evening Sale: “The Evening Sale achieved a strong €17,789,600 (£12,986,408 / $20,102,248). A variety of international artists contributed to the success of this sale, where 36 out of the 38 of the lots offered were sold. Indeed, Fontana and Mitchell achieved respectively €1,225,500 and €1,321,500, and the internationally renowned French artists Dubuffet and Richier sold for €1,441,500 and €1,177,500”.
Etienne Sallon, responsible for the Day Sale: “With 92% of sold lots, the Day Sale is the most important Post-War and Contemporary art ever to be sold in Paris, totaling €7,340,675 (£5,432,100 / $8,294,963). Collectors have seized the opportunity to acquire typical works from the 1950 and 1960, international and contemporary pieces”.