On October 16, Christie’s London evening auctions of Post-War & Contemporary Art and The Italian Sale realised a record-breaking combined total of £78,729,000 / $121,793,764 / € 106,756,524. Together with the sale of ‘A Visual Odyssey: Selections from LAC (Lambert Art Collection), on Wednesday 14 October, this brings the running total of auctions at Christie’s during Frieze week to £93,704,125 / $144,660,779 / €126,748,315. The Italian Sale reached the highest total for any auction of 20th-century Italian art. The top price of the night was paid for Peter Doig’s, Cabin Essence painted in 1993-4, which sold for £9,602,500 / $14,855,068 / €13,020,990 and follows the record set for the artist at Christie’s last season. Registered bidders from 47 countries across five continents demonstrated the continued strength of the global contemporary art market, with 22 lots selling for over £1 million and 33 for over $1 million.
14 artist records were set on the night across both the Post-War and Contemporary Evening Auction and Italian sale: Nicole Eisenman, Charline von Heyl, Gerald Laing, Albert Oehlen, Jonas Wood, Lynette Yiadom-Boakye and Toby Ziegler, all reached their highest figures alongside Joe Bradley’s Untitled that matched the artist’s current world record at auction. Those established in the Italian Sale included: Vincenzo Agnetti; Gianni Colombo; Luciano Fabro; Giorgio Morandi and Giuseppe Uncini. More highlights included the highest ever price for any Andy Warhol 24-inch Flower painting and a record price for a joint work by Lucio Fontana and Osvaldo Borsani.
Katharine Arnold, Head of the Evening Auction, discusses Peter Doig’s Cabin Essence, which is offered in the Post-War and Contemporary Art Evening sale on 16 October 2015 in London
Alessandro Diotallevi, Associate Specialist, discusses Alberto Burri’s major retrospective at the Solomon R. Guggenheim museum in New York, and examines the artist’s Rosso Plastica M1 which will be offered in the Italian sale on 16 October 2015 in London.
Mariolina Bassetti, Chairman, Italy, International Director, Head of Post-War & Contemporary Art, Southern Europe discusses works by Lucio Fontana being offered in the Italian sale on 16 October 2015 in London.
Robert Brown, International Head of Research, examines the artistic movement in Italy, alongside works featured in the Italian sale on 16 October 2015 in London.
Peter Doig’s Cabin Essence, 1993-1994
The Italian Sale 2015: Alberto Burri
The Italian Sale 2015: Lucio Fontana
The Italian Sale 2015: Arte Povera
About the lot
To be offered in the Post-War & Contemporary Evening Sale, New York, 10 November 2015