The May 10 evening sale of Post-War and Contemporary Art held by Christie's
in New York only realized US$318,388,000 with 6 new world auction records
for artists including Jean-Michel Basquiat, Agnes Martin, Mike Kelley, Richard
Prince, Kerry James Marshall and Barry X Ball.
The results of this sale brought the week's running total to $396.5million,
which included the price achieved by the May 8 evening auction of Bound to
comparison, last year, Christie's realized almost 706 million USD for its "Looking
forward to the Past" sale and 658.5 million USD for its postwar
and contemporary venue.
Jean-Michel Basquiat's Untitled , an acrylic work on
canvas,painted in 1982 fetched a record price of 57,3 million USD
(the former record had been established for "Dustheads" (1982)
sold for 48.8 million at Christie's New York in May 2013.
Untitled last appeared at auction a dozen years ago, at Sotheby's
London in June 2004, where it sold
for $4.5 million. The second-highest lot of the night,
was Mark Rothko's 1957 color field painting, No.
17.,a blue-toned work estimated at $3040 million
failed to go beyond 32.6 million USD with premium.
While Clyfford Still's "PH-234" (1948) went
for 28.2 million against an estimate between 25 and 35
Agnes Martin's "Orange Grove" (1965) was
hammered down at a record price of 10.7 million USD
(4.2 million over the previous record set in 2013 at
Sotheby's for "The Beach" (1964)
Joan Mitchell's Noon, (1969), went for 9.8 million on an estimate of $5 to
$7 million while Jeff Koons'
"Smooth Egg with Bow" (Magenta/Violet) executed in 1994-2009 reached 7.4
million USD against a low
estimate of 6 million and his giant stainless steel Lobster sold for $6.9 million.
Christopher Wool's word painting "If You"
(1992) rose to 13.6 million USD against a lowestimate
of 12 million and Richard Prince's
"Untitled" (Fashion) (1982) sold for 2.8 million on an estimate
1.5 to $2 million while "Runaway Nurse" (2005-6), from the artist's popular "Nurse" series, snatched 9.6
million on an estimate of 7 to $10 million USD.