$10.7 M. Basquiat Sells at $57.6 M. Christie's Contemporary Sale in London - Recent News from USA
$10.7 M. Basquiat Sells at $57.6 M. Christie's Contemporary Sale in London -

$10.7 M. Basquiat Sells at $57.6 M. Christie's Contemporary Sale in London –

Jean-Michel Basquiat Sabado por la Noche (Saturday Night) (1984) realized GBP 8.4 million, or around $10.7 million.

COURTESY CHRISTIES

On Tuesday in London, Christie’s hosted its June postwar and contemporary evening sale, grossing £45.2 million, or about $57.6 million, across 32 lots. The sell-through rate was a healthy 94 percent by lot, with only two pieces—by Rose Wylie and Ron Mueck—failing to find buyers.

The top lot of the evening was a 1961 Jean Dubuffet painting, Cérémonie, which sold for £8.72 million ($11.1 million), squarely in the middle of its £7 million-to-£10 million estimate ($7.96 million–$11.37 million) with the addition of buyer’s premium.

Following close behind the Dubuffet was Jean-Michel Basquiat’s brushy, bright-red Sabado por la Noche (Saturday Night), 1984, which realized £8.38 million ($10.7 million) on an estimate of £7.5 million–£11 million ($9.52 million–$14 million).

A stark, brooding Francis Bacon painting, Man at a Washbasin (ca. 1954), achieved £5.11 million ($6.51 million), on the low end of its £5 million-to-£7 million estimate ($6.34 million–$8.88 million).

Jean Dubuffet, Cérémonie (Ceremony) (1961) achieved GBP 8.7 million, around $11 million.

On the more recent end of the spectrum, a new auction record was set for the closely wastched New York artist Tschabalala Self, with her vibrantly colored figurative piece Out of Body (2015) flying past its £60,000 high estimate ($76,100) to a £370,000 finish ($469,500).

Also overachieving was Cecily Brown, whose Blonde Eating Birds (2011–12) surpassed its estimate of £800,000 to £1.2 million ($1.02 million–$1.52 million), making £1.57 million ($2 million). Jonas Wood saw his Diet 7Up Frimkess Pot (2016) go for exactly the same price, squarely within its estimate of £1.2 million to £1.8 million ($1.52 million to $2.28 million).

KAWS, who had one of his pieces sell for an eye-popping $14.7 million at a sale in Hong Kong earlier this year, remained strong. His NYT (COMPANION CLOSE UP) Brown (2013) sold right for a just-above-estimate £1.81 million ($2.31 million).

The action continues tomorrow at Sotheby’s, which will be hosting its own sale of postwar and contemporary art.

Source link

Posts created 2651

Related Posts

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top