Strong demand from collectors demonstrated confidence in the market on par with pre-pandemic levels at Christie’s 21st Century evening sale in New York. The auction was led by the monumental canvas by Jean-Michel Basquiat, The Guilt of Gold Teeth, 1982, which made $40,000,000 in a sale that brought in $219,278,750. The 100% sold auction attracted bidders from 27 countries, with 58% of lots selling above the high estimate.
non fungible token. Christie’s Images Ltd., 2021
HUMAN ONE, the first hybrid physical and digital artwork by record-shattering NFT artist Beeple achieved $28,985,000. It sold online to a bidder based in Switzerland, underscoring the power of NFTs to break into masterpiece pricing. Another notable result was Peter Doig’s Swamped which made $39,862,500 and set a new auction record for the artist. The 20/21 Marquee Week of sales in New York continues on Thursday with The Cox Collection and the 20th Century Art evening sale with the Post War and Contemporary Art day sale on Friday.
