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  • Posts Tagged ‘Christie’s’

    BIG GAME ART HUNTERS STILL OUT IN FORCE

    Saturday, May 14th, 2022
    Paul Cezanne – Clairiere (The Glade) at Sotheby’s in New York next Tuesday. UPDATE: THIS MADE $41,688,500

    THE big game hunters of the global art world are out in force right now.  There are rich pickings for the super rich in a stellar round of May sales in New York sales showcasing major artistic movements of the 20th and 21st centuries. At Christie’s last Monday evening Andy Warhol’s Shot Sage Blue Marilyn from the collection of Thomas and Doris Ammann of Zurich sold for a record $195 million (€184,421,250). The 40 square inch canvas became the most expensive 20th century artwork ever sold. In 1964 Warhol developed a time intensive new process and used it to create a limited number of portraits – including Shot Sage Blue Marilyn – before abandoning the technique.  The painting has been exhibited at galleries including the Guggenheim, New York, the Pompidou in Paris and Tate Modern in London. The 36 works from this collection realised $317.8 million (€300,610,198),  All proceeds will directly benefit the Ammann Foundation’s global efforts to create healthcare and education programmes for children.

    With everyone from Monet and Degas to Balthus and Wayne Thibaud Christie’s delivered in style this week. At this stage the running total for their Marquee Week spring sales is $1.36 billion. The Post War and Contemporary art day sale yesterday achieved $97 million.

    Next it is the turn of Sotheby’s.  Their six sales with 800 lots carry a combined estimate of over $1 billion (€950,800,000) on a level with their record setting season last November.  Then the Macklowe Collection of 35 artworks made $676 million (€642.9 million) after real estate mogul Harry Macklowe and his wife Linda were ordered by a judge to sell their collection and split the proceeds during their 2018 divorce trial. Another 30 works from their collection come up next Monday evening with artists like Mark Rothko, Cy Twombly, Sigmar Polke, Donald Judd, Cy Twombly, Gerhard Richter, Jeff Koons, Anselm Kiefer, Pablo Picasso, Alberto Giacometti and Andy Warhol.

    The Modern evening auction on Tuesday is the most expensively estimated in the category at Sotheby’s for 15 years.   It will feature one of Monet’s finest Venetian works, a 1932 portrait of Marie Therese Walter by Picasso and The Glade by Paul Cezanne.  These three works alone are expected to bring in around $150 million (€142.6 million).

    On Thursday the Now evening auction and the Contemporary evening auction will bring this months series of marquee evening auctions to a close.  The Now sale will open the evening with ten consecutive works by women artists including Lynette Yiadom-Boakye, Christina Quarles, Jennifer Packer and Tracey Emin.
    Highlights of the Contemporary evening auction are Study for Red Pope 1962, 2nd version 1971 by Francis Bacon, Cy Twombly’s large scale Untitled from 1969, a silkscreen of Elvis by Andy Warhol and Cold Beer Beautiful Girls, a quintessential text painting by Ed Ruscha.  Who could ask for anything more?

    Francis Bacon Study of Red Pope 1962, 2nd version, 1971 at Sotheby’s, New York next Thursday evening. UPDATE: THIS MADE $46,284,500.

    RUNNING TOTAL OF $1.26 BILLION AT CHRISTIE’S MARQUEE WEEK SALES

    Friday, May 13th, 2022
    CLAUDE MONET (1840-1926) – Le Parlement, soleil couchant made $75.9 million

    THE final evening sales at Christie’s in New York last night achieved $843.7 bringing the running total for the Spring 2022 Marquee Week sales to $1.26 Billion. The collection of Anne H. Bass made $363.1 million, the 20th century evening sale made $468.2 million and The Raptor sold for $12.4 million. The collection of Anne H. Bass was 100% sold, and 149% sold above the low estimate. There was a new record for Edgar Degas’s Petite danseuse de quatorze ans which soared over its high estimate of $30 million to sell for $41.6 million, breaking his record for the first time in almost 15 years. Monet’s Parlement was the top lot of the sale and made $75.9 Million.

    Bonnie Brennan, President of Christie’s Americas, commented, “We were honored to sell the exquisite collection of Anne H. Bass. The twelve masterpieces, beautifully chosen, reflect the unique perspective of a female collector.”

    The 20th Century evening sale sold 98% by lot and 99% by value. The Sugar Shack by Ernie Barnes set a new record at $15.2 Million, 76 times its high estimate. In Barnes’ first appearance in an evening sale, the work had competition from 22 bidders. It sold to a buyer in the room after more than ten and a half minutes of bidding. Another artist record was established by Emanuel Leutze’s Washington Crossing the Delaware, which sold for $45 million. The work had hung in the White House for multiple presidencies. Thirteen works in the sale achieved more than $10 million. The top lot of the sale was Number 31, an iconic drip painting by Jackson Pollock which made $54.2 million.

    (See posts on antiquesandartireland.com for April 19, April 22 and May 3, 2022)

    PABLO PICASSO – TETE DE FEMME (FERNANDE) SOLD FOR $48,480,000

    CLEAR DEMAND FOR EMERGING ARTISTS AT CHRISTIE’S

    Wednesday, May 11th, 2022
    Georgina Hilton selling Gerhard Richter’s Abstraktes Bild

    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.

    THE MOST EXPENSIVE 20TH CENTURY ARTWORK EVER SOLD

    Tuesday, May 10th, 2022
    Shot Sage Blue Marilyn by Andy Warhol

    Andy Warhol’s Shot Sage Blue Marilyn made $195 million to become the most expensive 20th century artwork ever sold at Christie’s in New York last night. The painting was the final lot of the single-owner Thomas and Doris Ammann Collection which featured 36 lots and totalled $317.8 million.

    Proceeds from the entire sale of this Zurich collection will benefit charities providing urgent medical and educational services to children. The buyer of Warhol’s Marilyn has been invited to partner with the Ammann Foundation and play an active role in fulfilling its global mission for children’s aid, with the opportunity to nominate the charities to which 20% of the work’s proceeds will be allocated, subject to the Foundation’s final approval.

    Warhol’s colourful reproductions of Monroe’s photo portrait — originally a publicity still from her 1953 movie “Niagara” — are among his most recognisable works. Warhol first began creating silkscreens of Marilyn Monroe following her death in August 1962. He would create reproductions of her visage multiple times in bright colours, often with the features somewhat askew. In 1964, he developed a more refined and time-intensive screen printing technique, antithetical to the mass production he was best known for, and created a limited number of portraits of the Hollywood legend of which Shot Sage Blue Marilyn is one. This technique was so difficult that he never returned to it again.

    Bloomberg is reporting that it was bought by the art dealer Larry Gagosian. The previous record price for a piece of American artwork was $110.5m for a skull painting created in 1982 by Jean-Michael Basquiat. The previous record for a 20th Century work of art was set in 2015 when a 1955 painting by Pablo Picasso – Les Femmes d’Alger (Version O) – sold for $179.4m, including fees.

    ANN GETTY COLLECTION OF JEWELS BY JAR AT CHRISTIE’S

    Thursday, May 5th, 2022
    Fleur de lys brooch by JAR courtesy Christie’s Images Ltd., 2022

    Twelve jewels by JAR from the estate of Ann Getty will highlight Christie’s Magnificent Jewels live sale in New York on June 8. Ann Getty’s striking group of jewels by JAR is one of the largest and most important private collections of works by the visionary designer, Joel Arthur Rosenthal to appear at auction. The group is expected to achieve in the region of $1.5 million. JAR’s masterfully crafted jewels are beloved by collectors as sculptural works of art. Evocative of 18th and 19th century design, they draw inspiration from historic architecture, intricate textiles, art and nature, and are often defined by their exquisite palette of signature pavé stones. From the diamond and gem-set fleur-de-lys brooch reminiscent of a sublime medieval stained-glass window, to the carved agate Zebra brooch adorned with a royal headdress, Ann Getty’s collection of JAR jewellery perfectly captures the artist’s early years of design and exploration and includes stunning examples of his most important creative themes.

    MOST COMPLETE RAPTOR SKELETON EVER FOUND AT CHRISTIE’S

    Tuesday, May 3rd, 2022
    DEINONYCHUS ANTIRRHOPUS – MONTANA, USA. UPDATE: THIS MADE $12.4 MILLION

    The Raptor –  one of the most famous and rarest dinosaurs and the most complete skeleton of his species ever found – comes up at Christie’s in New York on May 12. Deinonychus is nearly 10 feet long with 126 fossil bones. Excavated from Wolf Canyon in Montana it dates to approximately 115-108 million year ago.

    Fifty million years before the reign of the dinosaurs ended in the age of Tyrannosaurus rex, a smaller, more agile, pack-hunting predator was the most feared—and smartest—animal of its time. Known for its swift gait, lethal sickle claws and potent kick housed in an elegant, compact frame, Deinonychus was an incredibly sophisticated dinosaur species of theropods (carnivorous animals that can walk on two legs).  This one is estimated at $4 – 6 million.

    WAYNE THIEBAUD’S ICE CREAM CONES AT CHRISTIE’S

    Sunday, May 1st, 2022
    WAYNE THIEBAUD (1920 – 2021) – Three Ice Cream Cones. UPDATE: THIS MADE $4.98 MILLION

    Wayne Thiebaud’s Three Ice Cream Cones ($2,500,000-3,500,000) from the private collection of Nina Van Rensselaer will lead Christie’s Post War and Contemporary Art day sale in New York on May 13. The work was acquired by Van Rensselaer directly from the artist and has been passed down in the same private collection for six decades. Highlights also include Helen Frankenthaler’s Crete ($1,500,000-2,000,000) and works from contemporary artists including Shara Hughes, Weeping Blur ($400,000-600,000).

    JACKSON POLLOCK DRIP PAINTING TO HIGHLIGHT CHRISTIE’S SALE

    Tuesday, April 19th, 2022
    JACKSON POLLOCK (1912-1956) – Number 31
    signed and dated ‘Jackson Pollock 49’ (upper left). UPDATE: THIS SOLD FOR $54.2 MILLION

    A powerful example of Jackson Pollock’s celebrated drip paintings – Number 31, 1949 – will lead Christie’s 20th century evening sale in New York on May 12. Made of oil, enamel, aluminum paint and gesso on paper mounted on Masonite the estimate is in excess of $45 million. It has been featured in a number of important exhibitions, including the 1967 Jackson Pollock MoMA retrospective in addition to the 1998 retrospective mounted at MoMA and The Tate. Held in the same private collection for over two decades the work is fresh to market.

    Alex Rotter, Christie’s Chairman of 20th and 21st Century Art, said:  “In the late 1940s, Pollock’s drip paintings categorically redefined how we understand art. This moment saw the art world’s centre of gravity shift for the first time away from the museums and galleries of Paris and into the streets of New York. With his revolutionary new technique, Pollock effectively upended the existing framework of traditional painting practices. True drip paintings were—and still are—the ultimate in mid-century American avant-garde, and are rare to come across in the secondary market. Number 31 is a superb example. It is a fantastic, frenetic combination of rich hues—straight from the paint can.” 

    A DIAMOND IN THE ROUGH BY BANKSY AT CHRISTIE’S

    Thursday, April 7th, 2022
    BANKSY Diamond In The Rough – spray paint on truck door – CHRISTIE’S IMAGES LTD. 2022

    Banksy’s Diamond In The Rough, 2010 ($3,000,000 – 5,000,000) comes up as a highlight at Christie’s 21st Century evening sale in New York City next May. A brilliant combination of readymade surfaces and Banksy’s instantly recognisable style it leverages perceived notions of rebelliousness attached to street art. Its ingenuity lies both in the artist’s seemingly simple choice of subject matter and its ability to spark conversation about the art form as a whole. A cultural statement itself Diamond In The Rough stands as testament to the place of street art in the canon juxtaposed with society’s inability to completely extract it from its perceived history.

    Painted on a steel and glass truck door the artwork employs extant graffiti as the backdrop for a young girl rendered in Banksy’s signature stencil mode, positioned at the bottom of the frame. Her hand cradles a glowing gem with shine lines emanating on all sides, reminiscent of the playful compositions of Keith Haring. A direct predecessor of Banksy, Haring also famously engaged public transit as his canvas decades prior, prefiguring some of Banksy’s own work.

    SEMINAL 1977 DE KOONING AT CHRISTIE’S

    Tuesday, April 5th, 2022
    WILLEM DE KOONING (1904-1997) – Untitled XXI. UPDATE: THIS MADE $25 MILLION

    Willem de Kooning’s Untitled XXI will come up as a highlight at Christie’s 20th century evening sale in New York in May. Estimated in in excess of $20 million the painting is fresh to the market and has been in the same private collection for more than 30 years. It was painted in de Kooning’s studio in East Hampton in 1977, a year when he turned out a group of radiant, large-scale abstractions that had a new level of mastery about them. Art historians regard 1977 as a highpoint of his career, his annus mirabilis, or “miraculous year,” as the British critic David Sylvester wrote. The art market has confirmed that view: three of de Kooning’s top four highest prices achieved at auction were for paintings from 1977.