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CHRISTIE'S POST-WAR AND CONTEMPORARY ART AUCTION FARED RELATIVELY WELL
08 March 2018
Category : MARKET


Christie's post-war and contemporary art auction held in London on March 6, 2018 fared relatively well with 60 lots sold for 137,459,750 GBP and 22,621,250 GBP bid for Andy Warhol's "Six self-portraits" executed in 1986.

 

Jean-Michel Basquiat's "Multiflavors" a work produced with acrylic and oilstick with tied wood supports fetched 12,04 million GBP against a high estimate of 15 million while Peter Doig's "Charley Space", an oil on canvas painted in 1991, sold for 10,92 million against a high estimate of 8 million.

 

Francis Bacon's Three studies for a portrait (oil on canvas three parts) painted in 1976 went for 10 million GBP, below its low estimate. Jackson Pollock's "Number 21" (enamel and aluminium paint on masonite) painted in 1950 was hammered down at 9,34 million GBP, below its low estimate, Lucio Fontana's "Concetto Spaziale, Attese" (waterpaint on canvas with lacquered wood frame executed in 1965 sold for 8,67 million GBP, Alberto Burri's "Ferro T" (welded iron on wood executed in 1959 went beyond its high estimate at 5,85 million GBP and Louis Bourgeois's "Spider III" executed in 1995 sold for 4,75 million GBP.

 

Gerhard Richter's "Venedig (In sel)", an oil on canvas painted in 1985 fetched 4,39 million GBP. Mark Bradford's "Bear running from the shotgun", mixed media collage on canvas executed in 2014 rose to a record 3,83 million GBP against a high estimate of 2,8 million. Maria Elena Vieira da Silva's "L'Incendie 1" sold for 2,04 million, George Condo's work on paper "Three Nudes" sold for a record 488,750 GBP and  Kelley Walker's "Black Star Press" realized 572,750 GBP.


The combined total across five sale platforms of Impressionist and Modern, Surreal and Post-War and Contemporary Art, reached 341.6 million GBP confirming Christie's leadership in the 20th Century art market, and were a 24% increase on the equivalent season last year. 


A passion for collecting and exceptional quality underpinned the private collections offered throughout ‘20th Century at Christie's' this season: ‘The Eye of the Architect', ‘The Collection of Antoni Tàpies', ‘Abstraction Beyond Borders', ‘The Triton Collection Foundation', ‘Property from the Collection of Wilhelm Reinold' and ‘A Private European Collection: Fontana, Burri, Schütte, Flavin, Kiefer and Richter'. The success they achieved throughout the auction series gave rise to the Collection of Peggy and David Rockefeller, the most significant philanthropic auction, which will take place in New York in May 2018. Icons of the 20th Century including Degas, Monet, Magritte, Kandinsky, Bacon, Warhol, and Basquiat were presented alongside those at the forefront of contemporary art such as Peter Doig, Kristin Baker, Kelley Walker and Cecily Brown, as well as artists who have never appeared at auction in London before: Shafic Abboud, Huguette Caland and Marwan. Collectors from the Americas, Africa, Asia, Europe and the Middle East participated in the sales, representing 73 different countries across 6 continents.  


The Day Sales of Impressionist and Modern and Post-War and Contemporary Art saw collectors gather in London  for a series that achieved outstanding results, with the highest combined total for Impressionist and Modern Works on Paper and Day Sale (29,804,938  GBP), complemented by the online-only sale Picasso Ceramics, which was 100% sold and totalled 1,817,063 GBP. This was completed by the Post-War and Contemporary Art Day Auction, which sold 92% by lot and 96% by value (22,910,000 GBP). 

 

IMPRESSIONIST, MODERN AND SURREAL ART 

• Impressionist and Modern Art and The Art of the Surreal realised a combined total of 149,592,750 GBP• The top lot of the Impressionist and Modern Art Sale was Pablo Picasso's Mousquetaire et nu assis, painted in Mougins on 11 April 1967, which realised 13,733,750 GBP • The second highest price of the night was achieved with Edgar Degas' Dans les coulisses, which sold for 8,993,750 GBP• World auction records were set for works by Georges Vantongerloo and Antoine Pevsner • The top lot in the Art of the Surreal Evening Sale was Figure by Picasso (1930), which realised 8,333,750  GBP • René Magritte's Le groupe silencieux (‘The Silent Group'), painted in 1926 and an important example of the artist's early Surrealist style, sold for 7,208,750 GBP• The Impressionist and Modern Works on Paper and Day Sale realised a combined total of 29,804,938 GBP, Christie's highest total for a Works on Paper and Day Sale in London • The top lot of the Day Sale was Chaïm Soutine's Portrait de Charlot, which realised 896,750 GBP• The top lot of the Works on Paper sale was Claude Monet's Coucher de soleil, which realised 1,568,750 GBP  • Picasso Ceramics sold 100% by lot and by value, totalling 1,817,063 GBP

 

POST-WAR AND CONTEMPORARY ART 

As mentioned above the Post-War and Contemporary Art Evening Auction in London realised 137,459,750 GBP and achieved the highest total for any auction of Post-War and Contemporary Art ever held in Europe and was 92% sold by lot and 96% by value • The Post-War and Contemporary Art Day Auction totalled 22,910,000  GBP selling 92% by lot and 96% by value • The top lot of the Post-War and Contemporary Art Day Auction was Günther Uecker's White Stream, which realised 704,750 GBP A highlight was a group of works sold with proceeds going towards Syri-Arts: Saving A Generation Through Education, which totalled 1,380,500 GBP.

 

20TH CENTURY COLLECTIONS 

 

COLLECTION TOTAL ACHIEVED  The Eye of the Architect 28,992,000 GBP. Abstraction Beyond Borders 11,770,000 GBP. Triton Collection 10,696,125 GBP. Tapies Collection  8,367,500 GBP Reinold Collection 6,501,750 GBP. An Important European Collection 18,657,000 GBP .

 


 

 

 

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