Archive for the 'Auction Results' Category

AO Auction Results – London: Phillips 20th Century and Contemporary Evening Sale, June 27th, 2019

Friday, June 28th, 2019

Roy Licthenstein, The Conductor (1975), Final Price: £4,977,000 via Phillips
Roy Lichtenstein, The Conductor (1975), Final Price: £4,977,000 via Phillips

With minimal fanfare and a steady hand, Phillips Auctions rounded out a well-managed evening sale of Contemporary and 20th Century works yesterday evening, closing a 36 lot sale to a final sales total of £35.9 million  with 5 lots going unsold.  The evening marks another strong and reliable outing for the auction house, making itself felt in the blue-chip market with increasingly strong results.  (more…)

AO Auction Results – London: Sotheby’s Contemporary Art Evening Sale, June 26th, 2019

Wednesday, June 26th, 2019

Francis Bacon, Self-Portrait (1975), via Sotheby's
Francis Bacon, Self-Portrait (1975), Final Price: £16,542,650 via Sotheby’s

Following up on a steady, reliable auction last night at Christie’s, Sotheby’s came out swinging this evening, marking a £69,720,050 sale in London that showcased a relatively strong market and ample interest for works at the highest levels of the blue-chip market.  The evening’s sale, which saw 4 of the 43 lots on offer go unsold, marked a strong closing for the first half of the year at Sotheby’s, and brings the season one step closer to conclusion. (more…)

AO Auction Results – London: Christie’s Post-War and Contemporary Evening Sale, June 25th, 2019

Tuesday, June 25th, 2019

Jean-Michel Basquiat, Sabado por la Noche (Saturday Night) (1984), via Christie's
Jean-Michel Basquiat, Sabado por la Noche (Saturday Night) (1984), via Christie’s

Marking the first of the week’s trio of Contemporary and Post-War Auctions in London this week, Christie’s has capped a 35-lot offering to a final of $45,346,950, a strong figure that saw only three works go unsold with ample interest from buyers to keep the evening moving quickly and relatively smoothly.  The sale marks something of a snap back into form for the auction house following a dire struggle last week during its Impressionist/Modern offering, and seemed to signal emerging blue-chip markets for several younger artists. (more…)

AO Auction Recap – London: Sotheby’s Impressionist and Modern Evening Sale, June 19th, 2019

Wednesday, June 19th, 2019

Amedeo Modigliani, Jeune homme assis, les mains croisées sur les geno (1918), via Sotheby's
Amedeo Modigliani, Jeune homme assis, les mains croisées sur les geno (1918), Final Price: £18,422,000 via Sotheby’s

The first batch of Summer auctions are in the books in London tonight, as Sotheby’s capped off its Impressionist and Modern Evening Sale with results that seemed to emphasize a steadied ship following the announcement of the auction house’s sale to Patrick Drahi earlier this week.  The auction house, capitalizing on a strong offering of works, moved methodically through the evening, selling 23 of the 25 works on offer for a final tally of £98,875,924. (more…)

AO Auction Recap – New York: 20th Century and Contemporary Evening Sale, May 15th-16th, 2019

Friday, May 17th, 2019

Jeff Koons, Rabbit (1992), via Christie's
Jeff Koons, Rabbit (1992), final price:$91,075,000, via Christie’s

Following the early days of the marathon week of auctions in New York, it wasn’t hard to anticipate a strong outing for the Contemporary Auctions soon to take place, yet the impressive sales at Christie’s, Sotheby’s and Phillips this week outpaced expectations, charting a path of major auction records and bested tallies that marked a strong outlook for the secondary market. Of particular note was the setting of a new auction record for a living artist with Jeff Koons’s Rabbit selling for a new record price of $91,075,000. (more…)

AO Auction Recap – New York: The Impressionist and Modern Evening Sales, May 13th-14th, 2019

Wednesday, May 15th, 2019

Claude Monet, Meules (1891), via Sotheby's
Claude Monet, Meules (1891), final price: $110,747,000, via Sotheby’s

It’s been a wild week so far the world’s financial elite, especially in New York, where the stock market has plummeted over fears of an ongoing trade war with China and the attendant tariffs that implies. Yet that didn’t seem to deter the city’s auction houses from swinging for the fences and connected, as Christie’s and Sotheby’s capped a pair of wildly impressive sales that saw both auction houses notch some strong figures, and some major auction records, including a new world record for Claude Monet at Sotheby’s last night. (more…)

AO Auction Results – London: Post-War and Contemporary Evening Sales, March 5th – 7th, 2019

Friday, March 8th, 2019


David Hockney, Henry Geldzahler and Christopher Scott (1969), via Christie’s

Following a marathon week of openings and shows between New York and London, the first major Contemporary Evening Sales of 2019 are in the bag, with a trio of sales closing out the week in London with a market picture that seemed relatively strong.  No doubt clouded in some part by the uncertainty of the impending Brexit, the week’s sales still managed to achieve some impressive figures and strong sell-through rates, keeping the uncertainty of the following months alive in the British capital.


Jean-Michel Basquiat, Apex (1986), via Sotheby’s (more…)

AO Auction Recap – London: Impressionist and Modern Evening Sale, February 26th – 27th, 2019

Wednesday, February 27th, 2019


Paul Signac, Le Port au soleil couchant, Opus 236 (Saint-Tropez) (1892), Final Price: £19,501,250 via Christie’s

Over the course of the last two evenings in London, the major auction houses rounded out an uneven, occasionally disappointing series of sales in the British capital, casting some doubts over the prolonged strength of the Impressionist and Modernist market in the UK, EU and beyond.  Missing out on major fireworks at both houses, save for a few auction records already anticipated to fall, the evening sales at Sotheby’s and Christie’s have posed some hard questions regarding the market’s current health, and just how markets are responding to an increasingly foggy Brexit picture.

(more…)

AO Auction Recap – London: Post-War and Contemporary Evening Sales, October 4th – 5th, 2018

Friday, October 5th, 2018

Jenny Saville, Propped (1992), via Sotheby's
Jenny Saville, Propped (1992), via Sotheby’s

With the conclusion of the week in London, a trio of auctions have painted an unclear picture of the Post-War and Contemporary Market in Britain, as a series of sales at the major houses saw particularly mixed results over the past two evenings.  With a number of high-profile works going unsold, and a somewhat unsteady level of interest among paintings as a running theme, the sales at Christie’s, Sotheby’s and Phillips saw several strong outings as well as a few notable disappointments, summarized below.

Jeff Koons, Cracked Egg (Blue) (1994-2006), via Christie's
Jeff Koons, Cracked Egg (Blue) (1994-2006), via Christie’s (more…)

AO Auction Results – London: Phillips 20th Century and Post-War Evening Sale, June 27th, 2018

Wednesday, June 27th, 2018

Martin Kippenberger, Ohne Titel (aus der Serie Das Floß der Medusa) (1996) final price: £8,446,500, via Phillips
Martin Kippenberger, Ohne Titel (aus der Serie Das Floß der Medusa) (1996) final price: £8,446,500, via Phillips

With another auction in the books, Phillips has rounded out a pair of high-profile evening sales in the British Capital of London this week, running through a well-managed auction that ultimately capped aa strong tally of £34,811,000, with all works selling.  (more…)

AO Auction Results – London: Sotheby’s Contemporary Art Evening Auction, June 26th, 2018

Wednesday, June 27th, 2018

Lucian Freud, Portrait on a White Cover (2002-2003), via Sotheby's
Lucian Freud, Portrait on a White Cover (2002-2003) final price:£22,464,300, via Sotheby’s

Trumpeting the sale as a “vote of confidence” following an unsteady Impressionist Evening Sale the week prior, Sotheby’s concluded its Contemporary Evening Sale tonight, marking a more balanced, even-handed outing with a £110,239,550 final tally.  Spread over 44 lots, the sale was a solidly-appointed affair, with only one work going unsold in an outing that aimed to put fears over market weakness to bed.   (more…)

AO Auction Recap – London: Impressionist and Modern Evening Sales, June 19th and 20th, 2018

Friday, June 22nd, 2018

Pablo Picasso, Buste de femme de profil (Femme écrivant) (1932), via Sotheby's
Pablo Picasso, Buste de femme de profil (Femme écrivant) (1932), via Sotheby’s

The month’s Impressionist and Modern Evening Sales are now in the books, after the London headquarters for both Christie’s and Sotheby’s capped their sales in the British capital.  Seizing on the recent and continued expansion of the market for works from this era in past months, the week’s sales were an often complex, confusing set of outings, as results fluctuated considerably and market health was perhaps painted as a bit unpredictable.

Joan Miro, Peinture (1933), via Sotheby's
Joan Miro, Peinture (1933), via Sotheby’s

At Sotheby’s, nearly a third of the sale’s 36 lots went unsold (10), with the final tally capped at £87,496,600.  Chief among the abortive works was a premier lot, Peinture, by Joan Miró, which stagnated on the auction block and missed its £8 to £12 million auction price, and ultimately contributed to the auction house missing out on its low estimate.  The much-trumpeted Pablo Picasso portrait of Marie-Therese, however, performed admirably, making up nearly a full third of the auction’s value with its £27,319,000 final price.  Also saving the sale was Alberto Giacometti’s Le Chat, which brought a strong price at £12,642,000.

Alberto Giacometti, Le Chat (1955), via Sotheby's
Alberto Giacometti, Le Chat (1955), via Sotheby’s

Franz Marc, Drei Pferde (1916), via Christie's
Franz Marc, Drei Pferde (1916), via Christie’s

A similar situation marked the sale at Christie’s the following evening, where a 45-lot sale achieved a final of £128,081,750.  The sale was also marked by eight unsold lots over the course of the evening, but pushed through its offering on the strength of several strong works, chief among them Claude Monet’s La Gare Saint-Lazare, which reached a price of £24,983,750, as well as Picasso’s Femme dans un fauteuil, the Dora Maar portrait that performed to expectations at a final of £19,358,750.  Another achievement came with the setting of a new auction record for Franz Marc, whose Drei Pferde easily hit £15,421,250, resetting his record.

With results like this, the market picture has grown notably cloudy, or perhaps the market is trending towards saturation, the frequent sales and frequency of blue-chip trophies changing hands making for a less appealing environment for collectors.  No matter why, the major auction houses have only a few days to reflect, as the proceedings continue next week with the Contemporary and Post-War Sales.

Claude Monet, La Gare Saint-Lazare, vue extérieure (1877), via Christie's
Claude Monet, La Gare Saint-Lazare, vue extérieure (1877), via Christie’s

Pablo Picasso, Femme dans un fauteuil (Dora Maar) (1942), via Christie's
Pablo Picasso, Femme dans un fauteuil (Dora Maar) (1942), via Christie’s

— D. Creahan

Read more:
Sotheby’s Impressionist and Modern Evening Sale [Sotheby’s]
Sotheby’s Fails to Reach Low Estimate at Modern Art Auction [Bloomberg]
Christie’s Impressionist and Modern Evening Sale [Christie’s]

 

AO Auction Results – New York: Post-War and Contemporary Evening Sales, May 16th and 17th, 2018

Friday, May 18th, 2018

Kerry Marshall, Past Times (1997), via Sothebys
Kerry Marshall, Past Times (1997), Price:$21,114,500 via Sotheby’s

With two nights of auctions now concluded, a choppy look at the contemporary art market has emerged, as Sotheby’s, Phillips and Christie’s strung together a series of occasionally surprising, mixed sales over the course of last night and this evening.  The auctions, which mark the last major sales for the U.S. outposts of the international houses before summer recess, saw a number of impressive auction records, as well as a series of high profile works that failed to find a buyer, a note that left many puzzling over the immediate future of the Contemporary field.

Mark Rothko, Untitled (1969), via Sothebys

Mark Rothko, Untitled (1969), Price:$18,856,500, via Sotheby’s  (more…)

AO Auction Results – New York: Christie’s Impressionist and Modern Sale, May 15th, 2018

Wednesday, May 16th, 2018

Kazimir Malevich, Suprematist Composition (1916), Price $85,812,500, via Christies
Kazimir Malevich, Suprematist Composition (1916), Price: $85,812,500, via Christies

With another auction come and gone in New York, Christie’s has posed quite a challenge to its competitors last night, closing out a well-run sale with strong results and a set of major auction records broken.  The 37-lot sale was well-appointed, and the sale moved steadily through its paces, ultimately finishing at a final tally of $416,040,000 with only 4 lots going unsold. (more…)

AO Auction Results – New York: Sotheby’s Impressionist and Modern Evening Sale, May 14th, 2018

Tuesday, May 15th, 2018

Amedeo Modigliani, Nu Couché, price $157,159,000, via Sothebys
Amedeo Modigliani, Nu Couché (1917), Price Realized: $157,159,000, via Sotheby’s

A marathon week of auctions in New York is now underway, but not quite off to a roaring start, as Sotheby’s capped an unsteady and often struggling auction this evening at its uptown location.  Led by a strong performance by an Amedeo Modigliani masterpiece, the sale failed to achieve much beyond its marquee lots, ultimately capping the sale with 13 unsold works that brought the sale to a final tally of $318,313,600.

Pablo Picasso, Le Repos (1932), price 36,920,500, via Sotheby's
Pablo Picasso, Le Repos (1932), Price Realized: $36,920,500, via Sotheby’s

(more…)

AO Auction Results – New York: 19th and 20th Century Works from the Collection of David and Peggy Rockefeller at Christie’s, May 8th, 2018

Wednesday, May 9th, 2018

Pablo Picasso, Fillette a la corbeille fleurie (1905), price 115,000,000, via Christie's
Pablo Picasso, Fillette a la corbeille fleurie (1905), price realized: $115,000,000, via Christie’s

With the final bids placed and the hammer falling on the last lot of the evening, Christie’s has closed the book on an outstanding outing, concluding the star evening sale of its spring season, the sale of the David and Peggy Rockefeller Collection.  A jewel of modern art collection, the works from the family’s holdings were wide and deep enough to fill several evening sales in Christie’s calendar this week, with this 19th and 20th Century Sale serving as the main event. It did not disappoint.

Joan Miro, Mural I, Mural II, Mural III (1933), price 20,000,000, via Christie's
Joan Miro, Mural I, Mural II, Mural III (1933), price realized: $20,000,000, via Christie’s

(more…)

AO Auction Results – London: Sotheby’s Contemporary Sale, March 7th, 2018

Thursday, March 8th, 2018

Gerhard Richter, Gelbgrün (1982), via Sotheby's
Gerhard Richter, Gelbgrün (1982), via Sotheby’s

The second night of London’s Post-War and Contemporary Evening Sales has wrapped, as Sotheby’s capped a 61-lot auction outing that reached a final tally of £109,292,700.  Achieving a solid price for the sale despite some underperforming lots and a handful of unsold works.  The sale seemed to underscore a market whose highest selling works are still stuck in a state of relative uncertainty, with certain bets and guaranteed prices far less reliable than in recent years.

Peter Doig, The Architect’s Home in the Ravine (1991), via Sotheby's
Peter Doig, The Architect’s Home in the Ravine (1991), via Sotheby’s

(more…)

AO Auction Results – London: Christie’s Post-War and Contemporary Evening Sale, March 6th, 2018

Wednesday, March 7th, 2018

Jean-Michel Basquiat, Multiflavors (1982), via Christie's
Jean-Michel Basquiat, Multiflavors (1982), via Christie’s

The art world’s market focus has split between London and New York this week, as Armory Week kicks off in New York, and a trio of major contemporary auctions hit the British capital.  The week’s sales got its first indicator of health for the Contemporary and Post-War Market as Christie’s capped the first night of sales, closing a 65-lot offering with moderately strong results, ultimately achieving a final tally of £137,989,750 with only five lots going unsold. (more…)

AO Auction Results – London: Sotheby’s Impressionist and Modern Evening Sale, February 28th, 2018

Thursday, March 1st, 2018

Pablo Picasso, Femme au béret et à la robe quadrillée (Marie-Thérèse Walter) (1937), via Sotheby's
Pablo Picasso, Femme au béret et à la robe quadrillée (Marie-Thérèse Walter) (1937), via Sotheby’s

The first tests of the  Impressionist and Modern market for 2018 are now in the books, as Sotheby’s capped a brief but action-packed sale this evening in London, ultimately achieving a final of £118,932,000 despite a handful of unsold works.  There was little room for error in the 21-lot sale, which seemed primarily organized around several marquee works and a selection of works that garnered very little interest. (more…)

AO Auction Recap – London: Christie’s Impressionist and Modern Evening Sale, February 27th, 2018

Thursday, March 1st, 2018


Pablo Picasso, Mousquetaire et nu assis (1967), via Christies
Pablo Picasso, Mousquetaire et nu assis (1967), via Christies

With a few brief wobbles, the first evening of two weeks of auctions in the British capital has concluded, bringing solid results and a final of £114,103,000 for Christie’s auction house this evening.  The sale saw most of its premiere works moving quickly over the course of the evening, with 11 works going unsold, including one of the sale’s lead lots, a Kees van Dongen portrait.

Edgar Degas, Dans les coulisses (1882-1885), via Christies
Edgar Degas, Dans les coulisses (1882-1885), via Christies

(more…)

AO Auction Results – New York: Phillips 20th Century and Contemporary Evening Sale, November 16th, 2017

Thursday, November 16th, 2017

Peter Doig, Red House (1995-1996), final price $21,127,500, via Phillips
Peter Doig, Red House (1995-1996), final price $21,127,500, via Phillips

Throwing its hat into the ring on a bustling week of sales in New York, Phillips concluded its offering in the 20th Century and Contemporary Auctions , bringing a final tally of $113.9 million for its 44-lot sale.  The Phillips event was a quick affair, running mechanically through its offerings to achieve its result, with only a small handful of works going unsold. (more…)

AO Auction Results – New York: Sotheby’s Contemporary Evening Sale, November 16th, 2017

Thursday, November 16th, 2017

Roy Lichtenstein, Female Head (1977) final price $24,501,500, via Sothebys
Roy Lichtenstein, Female Head (1977) final price: $24,501,500, via Sotheby’s

The final hammer has fallen and the doors have closed on the final major art sales of 2017, as Sotheby’s concluded its Contemporary Evening Sale tonight at its York Ave location in New York.  Capping a 74-lot offering with a steady, well-run sale, the auction house achieved a final tally of $310,229,350, bringing the week’s marathon auctions to a close

(more…)

AO Auction Results – New York: Christie’s Post-War and Contemporary Evening Sale, November 15th, 2017

Wednesday, November 15th, 2017

Leonardo da Vinci, Salvator Mundi (circa 1500) final price $450,312,500, via Christie's
Leonardo da Vinci, Salvator Mundi (circa 1500) final price: $450,312,500, via Christie’s

Capping its second major sale of the week, and likely one of the more momentous sales of work in recent history, Christie’s capped an astronomical sale this evening in New York, complementing its Contemporary offerings with the much trumpeted Leonardo Da Vinci work Salvator Mundi to reach a record sale total of $785,942,250.

(more…)

AO Auction Results – New York: Christie’s Impressionist and Modern Evening Sale, November 13th, 2017

Tuesday, November 14th, 2017

Fernand Léger, Contraste de formes (1913), via Christie's
Fernand Léger, Contraste de formes (1913), final price: $70,062,500, via Christie’s

The first of the fall’s New York auctions kicked off this evening, as Christie’s capped the first of the week’s Impressionist and Modern Evening sales, surging out of the gate with a strong series of sales that set an impressive tempo for the week, and laid down an impressive challenge to the other auction houses.  Notching a final sales total of $480,414,000, Christie’s sent a strong message of stability in a year marked by uneven, unpredictable auction sales. (more…)