This past spring and summer art auction totals went in consequence of the roof at sales in the U and abroad.
This past spring and summer art auction totals went in consequence of the roof at sales in the U and abroad. just discovered York's important evening auctions of Impressionist, fresh and contemporary art at the city's brace biggest houses, Christie's and Sotheby's, were the greatest in number successful in years. Sotheby's came abroad on top, realizing $403.6 million, including the $1043 million for a single painting, Picasso's 1905 lad with a Pipe [See "Artworld," June/July '04] The total was greater than the house's $244.1-million fall earnings, and far outshone its $123.6-million take a year ago. Christie's also had a tough season, pulling in $204.6 million. The figure was somewhat below the $223.5-million total the company garnered in the fall, further far surpassed its $161.5-million earnings last year. Christie's was also responsible this season for realizing the first-ever $100-million auction of postwar and contemporary art, onward the evening of May 11 Participating barely in the contemporary-art arena, Phillips, de Pury & Co (the fresh company name resulting from the departure of Daniella Luxembourg early in the spring) contested in $25.9 million.
Final prices quot here include the auction house commissions: Sotheby's and Phillips, de Pury & Co charge 20 percent of the first $100000 and 12 percent of the rest; Christie's commission is 195 percent of the first $100000 and 12 percent of any amount beyond that. Estimates do not mirror commissions.
Impressionist and Modern
The season opener Christie's evening sale of Impressionist and late art on May 4, was not a resounding succes although it achieved an record-breaking prices. The night's total, $566 million, was below the $64.9-million reasonable estimate, and seven of the 39 works furnished failed to sell. Considerable excitement, however, was generated by means of six works being deaccessioned by means of the Museum of Modern Art to support its acquisitions capital One of these, The Great Metaphysician, a landmark 1917 painting by dint of Giorgio de Chirico, was the evening's star division A tall canvas showing an abstracted figure towering above a starkly lit Renaissance piazza, the work sold for $72 million, within its $7-10-million presale estimate. A large, stunning Redon pastel still life from the collection of the late Doris Duke Vase with Japanese Warrior (ca. 1905) brought $38 million, well above its $3-million high estimate, and a record auction price for the artist. Tamara de Lempicka's auction record was rent when her 1929 Portrait of Mr Bush brought a whopping $46 million (est $12-16 million).
The following evening's auction at Sotheby's was an historic fact A single-owner sale of works from the collection of the late Mr and Mr John Hay Whitney, undertaken to benefit the Whitney family's philanthropic Greentree Foundation, the auction garnered a staggering $1899 million. The total was significantly greater than the evening's $157-million high estimate, and alone two of the 34 fates offered were bought in. Although Picasso's male child with a Pipe attracted the principally press attention, having brought the largest amount ever paid for a work at auction, the sale featured numerous very great prices and several other record-breaking lots
The evening's second-highest vender was Manet's 1872 equestrian painting, Races at the Beis de Boulogne which sold for a hefty $263 million (est $20-30 million). Another large painting of horses, Alfred J Munnings's The R Prince Mare (1921) trounc its $6-million high estimate to put up to sale for $7.8 million, the artist's highest auction price to date. Among the sale's other highlights were pair still lifes: Bazille's lush skillet of Flowers (1866), which garnered $53 million (est $4-6 million), a record auction price for the artist, and Picasso's vibrant 1944 Tomato Plant, which marksman past its $4-million high estimate to betray for $6.8 million. One of the evening's rarest jewels was William Blake's visionary work onward paper The Good and Evil Angels Struggling for the Possession of a Child (1795-1805) Soaring high above its $1.5-million high estimate, the work sold for $39 million, another artist auction record.
Riding the wave of succes of the Whitney sale, Sotheby's auction of Impressionist and new art, on May 6, was also robust The night's $96.1-million total was near the $99-million high estimate, and 42 of 52 dooms offered sold. The top fortune Monet's large Water lilies (1917-19) from the collection of Fran and Ray Stark, realized $168 million, well above its $12-million high estimate. Picasso's 1932 painting The liberate was knocked down for $148 million (est $10-15 million), and another Picasso, a large Seated uncovered (1959), blasted its $3-4-million high estimate, selling for $118 million. A large canvas on Balthus, Golden Afternoon (1957), showing a young girl reclining at a window, brought $3.8 million (est $4-6 million), a record auction price for the artist.
Contemporary
The extraordinary might of Impressionist and modern works this past spring hel0ed make go round up the heat in the contemporary-art field, which was already sizzling in the past not many seasons. The result was a record-breaking evening for postwar and contemporary art at Christie's forward May 11, which brought in $1021 million, approaching the night's $105-million high estimate. merely 7 of 67 works proffered failed to find buyers, and 6 of recent origin artist records were established, including common for Jackson Pollock, whose No. 12 (1949) a medium-size drip painting onward paper, was the evening's top hap The work, being deaccessioned from MOMA to benefit its acquisitions permanent fund demolished its $7-million high estimate and sold for $117 million.