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Information about Art, Antiques and Auctions in Ireland and around the world

RECORD BREAKING POST WAR AND CONTEMPORARY ART SALE AT CHRISTIE’S

The scene at Christie’s as Yves Klein’s Le Rose du bleu (RE 22) sold for £23,561,250.

A world record for Yves Klein set the seal on Christie’s record breaking Post War and Contemporary Art auction in London tonight.  The sale brought in £132,819,400, the highest total for any auction of Post War and Contemporary Art in Europe.  The top lot was Yves Klein’s Le Rose du bleu (RE 22), which sold for £23,561,250.  This price, which converts to $36,779,111, narrowly pipped the  $36,482,500 achieved for Klein’s FC1 at Christie’s in New York in May.

In total four lots sold above £10 million, 21 sold for over £1 million and record prices were established for David Altmejd, Jean-Michel Basquiat, Marcel Broodthaers, Yves Klein and Beatriz Milhazes. A Study for Self-Portrait painted by Francis Bacon in 1964 sold for £21,545,250, an untitled work by Basquiat made a record price of £12,921,250,  Gerhard Richter’s Struktur 2 made £12,697,250 and Rouge triomphant, Alexander Calder’s largest hanging mobile ever sold at auction made £6,201,250.

Francis Outred, Christie’s Head of Post-War & Contemporary Art, Europe: “Following the record result achieved at Christie’s New York in May, we are delighted with tonight’s results which established a new record for an auction of Post-War & Contemporary Art in Europe. Totalling more than £132.8 million, at the foundation of the auction’s success were five masterworks by Yves Klein, Francis Bacon, Jean-Michel Basquiat and Gerhard Richter. The price for the Bacon was particularly satisfactory following the discovery that this self-portrait carries the body of Lucian Freud. Overall we brought together consignments from four continents, reached buyers on four continents and benefitted from a depth and strength of bidding from across the room and on the phone”.

(See posts on antiquesandartireland.com for May 29 and April 4 2012.

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