Christie’s saleroom photo by ArtObserved

Christie’s Post-War & Contemporary Art Evening Sale broke the record for the highest ever grossing Contemporary Art auction in history, totaling over $412 million in sales. The auction came on the heels of Sotheby’s Postwar & Contemporary Art Evening Sale, which broke its own record for highest-grossing auction in Sotheby’s long history ($375 million). Christie’s achieved an astounding 92% sell by lot and 93% sell by value – of the 73 lots offered only 6 failed to sell.

Records at auction were broken for Richard Diebenkorn, Jeff Koons, Richard Serra, Franz Kline, George Condo, Jean- Michel Basquiat, and Mark Grotjahn. Additionally, Jean Dubuffet, Cy Twombly and Jean-Michel Basquiat set new records for their artworks on paper. A record was set for an Alexander Calder wire sculpture at auction with Policeman, which sold for $4.2 million.

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Sotheby’s saleroom with Rothko, No 1 (Royal Red and Blue) photo by ArtObserved

Last night Sotheby’s held its highest grossing auction ever. The Contemporary Art Evening Sale totaled over $375 million, just over the projected high estimate of $374 million. Auctioneer Tobias Meyer rejoiced stating “I can hardly express how thrilled we are.” According to Sotheby’s, it has experienced a record-breaking year in 2012, with Contemporary Art sales totaling over $1 billion.

Rothko, No 1 (Royal Red and Blue) Courtesy Sotheby’s
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Jeffrey Gundlach, Santa Monica art collector and Wall Street tycoon, returned home from a trip to New York to find $10 million in artwork missing. Jasper Johns’ “Green Target”, along with works by Piet Mondrian, Richard Diebenkorn, Franz Kline, Joseph Cornell, Philip Guston and others were taken. No word yet on whether there was a security video, as the investigation is underway.

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‪‬Four stolen paintings by Robert Motherwell, Franz Kline, Fernand Leger, and Jean DuBuffet have been recovered in Cologne, Germany, now at an estimated value of $1 million. The six works were originally stolen in 1988 from Solomon Gallery in New York. When one by Karl Apfel and another by Motherwell were recovered previously in 2003 and 2012 respectively by art collectors, they prompted the now conclusive police investigation. [AO Newslink]

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Dan Flavin, in honor of Harold Joachim in pink, yellow, blue and green fluorescent light 8′ high and wide (1977)

The Morgan Library & Museum is currently exhibiting Dan Flavin: Drawing, a retrospective of the Dan Flavin’s works on paper, from pencil to charcoal to watercolor. Primarily comprised of pieces made by the artist himself and a group from his personal collection, this body of work demonstrates Flavin’s abilities as a draftsman, as well as an installation artist. More than one hundred of Flavin’s own pieces are on view, starting with his abstract expressionist watercolors from the 1950s and ending with pictures of sailboats made with conté crayon in the late 80s and early 90s. Also included in this collection are a series of plans that the artist made in preparation of his renowned fluorescent light installations.

Dan Flavin, untitled (in honor of Harold Joachim) 3 (1977)

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Tall Figure II and Tall Figure III both 1960 Alberto Giacometti. All images via MoCA

To celebrate their 30th Anniversary, the Museum of Contemporary Art, Los Angeles (MoCA) are exhibiting ‘Collection: MoCA’s First Thirty Years‘ – an exhibition comprising of more than 500 artworks by more than 200 artists, it is the largest ever installation of works from MoCA’s permanent collection. This comprehensive survey of the past 70 years of contemporary art history fills both of MoCA’s downtown L.A. locations – MoCA Grand Avenue and The Greffen Contemporary.

Big Wheel, Chris Burden (1979) via MoCA

More text, images and related links after the jump….
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Vawdavitch, Franz Kline (1955) via Artinfo

Next Friday, September 12, the new Haunch of Venison gallery in New York City will open its doors for the first time with an exhibit called “Abstract Expressionism – A World Elsewhere”. The exhibition will feature over 60 works from Franz Kline, Willem de Kooning, Lee Krasner, Barnett Newman, Jackson Pollock, Mark Rothko, Aaron Siskind, David Smith and Clyfford Still. The Christie’s owned gallery represents notable artists such as Bill Viola, Keith Tyson, and Wim Wenders and has additional locations in London and Zurich. When the gallery was purchased last year by François Pinault, the owner of Christie’s auction house, there was a substantial amount of controversy surrounding the transaction. The purchase of the gallery presented a new take on the relationship between auction houses and galleries, and how the line might blur between the primary and secondary markets of the art world.

Christie’s auction house buys London’s Haunch of Venison contemporary art gallery [IHT]
Haunch of Venison’s New York Moment [The Imagist]
American Perspective [Artinfo]
Auction Houses Vs. Dealers [NYSun]
Haunch of Venison – “Abstract Expressionism—A World Elsewhere” [Haunch of Venison]

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