Christie’s say that results from their 21st Century evening sale in New York last night demonstrate a clear demand from collectors globally and growing confidence in the market for emerging contemporary artists. The auction was led by the monumental canvas by Gerhard Richter, Abstraktes Bild, 1994 which made $36.5 Million. The auction was 114% sold above the low estimate with strong depth of bidding, averaging six bidders per lot.
The opening lot – Summertime by Anna Weyant achieved $1.5 Million – more than seven times its low estimate of $200,000 – after eight minutes of competitive bidding. Shara Hughes’s Spins from Swiss also established a new record, achieving $2.94 Million against a low estimate of $500,000. The monumental canvas Green Room by Matthew Wong set a record of $5.34 million, doubling its high estimate. Portrait of a Lady (After Louis Leopold Boilly) by Ewa Juszkiewicz made a record $1.56 Million (estimate: $200,000-300,000), benefitting POLIN Museum of the History of Polish Jews. An NFT by Refik Anadol, Living Architecture: Casa Batlló made $1.38 Million.
