Gerhard Richter, Abstraktes Bild, 1990 (est. £5-7 million, realized £7.2 million ), via Sothebys.com

February’s Contemporary Art auctions began Tuesday night at Sotheby’s London. The auction house offered fifty-nine lots (a work by Anslem Kiefer was withdrawn) with a presale estimate of £30-43 million. The sale just beat its high estimate, raising £44.4 million with a 91.5% sell-through rate by lot and 95% by value. Sotheby’s noted that this is the strongest sell-through rate they’ve had in several seasons and that combined with the Contemporary offerings at the “Looking Closely” sale last week, the auction house has sold £88.2 million worth of Contemporary art in 2011 thusfar, making it the most successful Contemporary sales season at Sotheby’s London since July 2008.

Tobias Meyer standing in front of Andy Warhol‘s Marilyns at Sotheby’s London, via Art Observed

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Gerhard Richter, Abstraktes Bild, 1990 (est. £5-7 million), via Sothebys.com

The February auctions continue this week in London with Contemporary Art sales at Sotheby’s, Christie’s, and Phillips de Pury. The day after Valentine’s Day buyers can cozy up to sixty lots at the Sotheby’s Contemporary art evening sale that are estimated to bring upwards of £30 million. The following night Christie’s will offer sixty-four lots that are expected to fetch £36-52 million. Phillips de Pury closes the week’s auctions with a twenty-nine lot sale that carries an estimate of £5.8-8.5 million. Christie’s is the only house to have officially released their 2010 global sales figures, and the numbers are impressive. The company sold £3.3 billion (or $5 billion) worth of art last year, more than any previous year in their 245-year history. Cheyenne Westphal, Sotheby’s Chairman of Contemporary Art London, revealed that the firm sold $845 million worth of Contemporary art in 2010 and that this is the third-highest total at the company in the field. At November’s Contemporary art auctions Phillips de Pury debuted a sparkling new gallery space on Park Avenue in New York and had the biggest sale of the week when Andy Warhol’s Men in Her Life sold for $63.4 million. It was a good year for Contemporary art, and the results of this week’s sales are expected to indicate whether the market will continue to recover in 2011 as it did in 2010.

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Andy Warhol, Nine Multicoloured Marilyns (Reversal Series), 1979-1986 (est. £2-3 million), via Sothebys.com

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Installation view of Andy Warhol: Motion Pictures at The Museum of Modern Art, 2010.

Currently on view at the MoMA is a tightly curated sampling of Warhol’s Screen Tests, shot between 1964 and 1966, as well as his films: Kiss, Sleep, Empire, Eat, and Blow Job. The show was conceived of in 2003 by MoMA curator Mary Lea Bandy and was exhibited as Andy Warhol: Screen Tests. After moving to Berlin’s KW Institute for Contemporary Art in 2004, the show traveled internationally for five years as facilitated by PS1 Director Klaus Biesenbach.  All films have been transferred to video for the installation but there is still something archival—“filmic,” as Bisenbach says—about the footage.

Andy Warhol. Screen Test: Edie Sedgwick (1965). 16mm film (black and white, silent). 4 min. at 16fps. © 2010 The Andy Warhol Museum

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Banksy, Save or Delete Jungle Book, 2001 (est. £60,000-80,000, realized £78,000), via Bonhams

Tuesday night’s auction of Urban Art at Bonhams in London – the fourth auction of its kind the house has mounted – realized just over £455,000 for 51 of 67 lots sold. Attesting to interest in the artist following the release of his film Exit Through the Gift Shop, ten Banksy lots offered at the sale accounted for approximately half of the evening’s earnings. The top lot was Banksy’s Save or Delete Jungle Book, which sold for £78,000 against presale estimates of £60,000-80,000. The image was created for a poster campaign about deforestation but was never circulated due to copyright issues with Disney.

Shepard Fairey, Peace Goddess on Wood, 2008 (est. £8,000-12,000, realized £27,600), via Bonhams

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Anselm Kiefer, Winter Ade Scheiden Tut Weh Aberdein Scheiden Macht, Dass Mein Herz Lacht (Goodbye, Winter, Parting Hurts But Your Departure Makes My Heart Cheer), 2010
Listed at $100,000

Last night at the Lehmann Maupin Gallery on Chrystie street in the Lower East Side of New York, West-Village-based Foundation for Contemporary Arts held a benefit auction selling nearly 200 paintings and sculptures.  All proceeds went to programs of the FCA, “hoping to assist and encourage innovation, experimentation and potential in the arts,” this year providing 14 grants to artists, of $25k each.

A view from the balcony

The benefit was extremely well attended, with some of the artists joining as well. The large number of works represented a variety of globally well-known artists, including Damien Hirst, Andy Warhol, Jasper Johns, Ed Ruscha, Brice Marden, Francesco Clemente, Bruce High Quality Foundation, Jake and Dinos Chapman, Julie Mehretu, James Rosenquist, Roy Lichtenstein, David Salle, Frank Stella, Elizabeth Neel, Julian Opie, Cecily Brown, Vija Celmins, Robert Gober, Nate Lowman, Dan Colen, Dana Schutz, Kara Walker, and T.J. Wilcox, to name a few.

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Big Torn Campbell’s Soup Can (Vegetable Beef) (1962) by Andy Warhol, via Kunstmuseum

Currently on view at the Kunstmuseum Basel is “Andy Warhol – The Early Sixties: Paintings and Drawings 1961-1964,” an examination of the formative period of Warhol’s work as a painter and a graphic artist. Following a period of some success in advertising design and greeting-card illustration in the 1950s, Warhol began increasingly to explore the medium of painting in non-commissioned works. The seventy-some objects on view in this exhibition explore a transitional period in which the artist expanded and enhanced his methods of pictorial expression. It was during this time that he opened his studio to a synthesis of differing media and ideas, established the Factory, and began working in music and film.

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Roy Lichtenstein, Ohhh…Alright…, 1964 (est. not published, realized $42.6 million), via Christies.com

This week’s Contemporary Art sales in New York ended with a bang at Christie’s Contemporary Evening Sale on Wednesday night. Seventy-five lots offered brought in $272 million with a sell through rate of 93% by lot and 92% by value. As was the case earlier this week at the Phillips and Sotheby’s sales, Pop Art sold exceptionally well. Roy Lichtenstein‘s Ohhh…Alright… was the evening’s top lot and set the record for the artist when it sold to an anonymous bidder for $42.6 million – smashing the previous record of $16.3 million set at Christie’s in 2005.

AO Onsite photo by J. Mizrachi

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Andy Warhol, Coca-Cola [4] [Large Coca-Cola], 1962 (est. $20-25 million, realized $34.5 million), via Sothebys.com

Auction goers at Sotheby’s Contemporary Art Evening Sale on Tuesday night were offered glass bottles of Coca-Cola before entering the saleroom in honor of the auction’s featured lot – Andy Warhol‘s Coca-Cola [4] [Large Coca-Cola]. The painting sold for $35.4 million against a high presale estimate of $25 million and was, like the Warhol for sale at Phillips Monday night, the evening’s top lot. The Sotheby’s auction was comprised of 54 lots (not including a work by Felix Gonzales-Torres, which was withdrawn) that brought in $222.5 million against presale estimates of $151.8-214.5 million. The sale had a sell through rate of 90.7% by lot and 97.1% by value with 5 of 54 lots unsold.

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Felix Gonzales-Torres, Untitled (Portrait of Marcel Brient), 1992 (est. $4-6 million, realized $4.5 million), via Phillipsdepury.com

Phillips de Pury conducted its first auctions at 450 Park Avenue on Monday night to a packed house, kicking off a week of Contemporary Art sales in New York. The Carte Blanche auction, curated by Philippe Ségalot, was immediately followed by the Contemporary Art Evening Sale. The Carte Blanche auction carried a presale estimate of $77.5-104.8 million and realized $117 million, while the Contemporary Evening Sale brought in $20 million against a high presale estimate of $34.4 million.

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Andy Warhol, Men in Her Life, 1962 (est. $40 million), via Phillipsdepury.com

The second week of major New York auctions begins with two evening sales at Phillips de Pury on Monday, November 8th, followed by the Sotheby’s sale on Tuesday and the Christie’s sale on Wednesday. Phillips will hold two back to back sales on Monday evening that will inaugurate the house’s new headquarters at 450 Park Avenue in New York City. The evening sale is preceded by the first of a new series of auctions titled Carte Blanche, wherein a guest artist, collector, or curator organizes the auction. This week’s Carte Blanche auction is the bigger of the two sales and is curated by Philippe Ségalot. It is comprised of 33 works expected to fetch at least $80 million. The Sotheby’s sale is composed of 55 lots expected to bring upwards of $132 million, while the 76 lots at Christie’s are expected to fetch upwards of $240 million.

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Andy Warhol, Diamond Dust Shoes, 1980 (est. 1.3 -1.6 million GBP, realized 1,553,250 GBP), via Sothebys.com

Sotheby’s Contemporary Art Evening Auction in London today brought in 13.3 million GBP against a low presale estimate of just under 10 million GBP.  Of the 39 lots offered for sale, 4 were bought in, 15 lots sold above their high presale estimates, and 2 works sold for under their low presale estimates. Andy Warhol‘s Diamond Dust Shoes, never before seen at auction, realized 1,553,250 GBP against a high estimate of 1.6 million GBP and was the highest earning lot of the night.

Lucio Fontana, Concetto Spaziale, Attese, 1965 (est. 1.5-2 million GBP, realized 2,281,250 GBP), via Sothebys.com

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David H0ckney, Autumn Pool, 1978 (est 700,000 – 1 million GBP, realized 1,329,250 GBP), via Phillipsdepury.com

Wednesday’s Contemporary Art Evening Sale at Phillips de Pury in London, which carried a presale estimate of 5.6 – 8 million GBP, brought in 6,562,900 GBP, with 21 of 56 lots unsold (86% by value, 69% by lot). The featured lot, David Hockney‘s Autumn Pool, sold for 1.3 million GBP against a high presale estimate of 1 million GBP. This also broke the record for a work on paper by the artist at auction.

Andy Warhol, The Scream (after Edvard Munch), 1984 (est. 500,000-700,000 GBP), via Phillipsdepury.com

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Damien Hirst, I am Become Death, Shatterer of Worlds, 2006 (est. 2.5-3.5 million GBP), via Christies.com

The Frieze Art Fair begins this week in London and is accompanied by Contemporary Art sales at the three major auction houses. This year, Phillips de Pury will kick things off with a 56 lot evening sale on October 13th, followed by a 51 lot sale at Christie’s on the 14th and a 40 lot sale at Sotheby’s on the 15th. After the dismal results of last year’s equivalent sales and the lackluster results of the summer sales, the art world is hoping that these auctions will give a stronger indication that the market for contemporary Western art is in fact recovering.

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Lucian Freud, Eight Months Gone, 199700–>

Jerry Hall, the American model and ex-wife of legendary rocker Mick Jagger, will send 14 works from her collection to auction next month at Sotheby’s Contemporary Art Sale in London. Hall’s lots are estimated to fetch at least £1.5 million, and include works by Lucian Freud, Andy Warhol, Damian Hirst, Robert Graham, Ed Ruscha, Francesco Clemente, R.B. Kitaj, and Frank Auerbach.

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Alice Neel, Andy Warhol, 1970. Image via Whitechapel Gallery.

Currently on view at Whitechapel Gallery is “Painted Truths,” the first major European exhibition of work by American artist Alice Neel (1900-1984).  Featuring more than sixty paintings produced over the course of her artistic career, the show focuses upon the psychologically insightful and expressive portraits for which she is best known. Also included are a number of Neel’s cityscapes, in which the anonymity and exteriority of New York City are shown alongside the artist’s intimate depictions of its inhabitants.

Alice Neel, Ninth Avenue El, 1935. Image credited as above.

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Dara Friedman, Bim Bam, 1999, courtesy of the Whitney Museum of American Art.

Currently on view at the Whitney Museum of American Art is the first part of a two-part exhibition titled “Off The Wall.” The exhibition at large brings together thirty works from 1946 to the present involving performative actions and seven iconic works by Trisha Brown. Part one, “Thirty Performative Actions,” was curated by Chrissie Iles, the Whitney’s Anne and Joel Ehrenkrnaz curator and is scheduled to be on display until September 19th. Part two, “Seven Works by Trisha Brown,” will run from September 30^th to October 30^th. This section features the return of the Trisha Brown Dance Company to the Whitney. Many of Brown’s dances were performed at the museum in 1971, so in addition to the performances taking place in the fall there will be video footage of Trisha Brown’s past work.

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“Off The Wall” Opening at The Whitney Museum of American Art on June 30^th, 2010, photograph courtesy of Taylor Derwin.

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Image still from Christies.com video In the Salesroom: Andy Warhol’s Silver Liz, via Christies.com

The results of Christie‘s Post-War and Contemporary Art auction in London last night are a relief after this week’s lackluster Sotheby‘s auction and the let-down at Phillips de Pury & Co. on Thursday. The sale earned £45,640,200 against the pre-sale estimate of £40.9-58.1 million for 63 lots, selling 84% by lot and 85% by value (totals realized include buyer’s premium, estimates do not). The combination of higher-quality works, lower starting prices, and a greater variety of material presented is thought to have contributed to the success of the sale, even amidst a drop in the stock market.

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Andy Warhol (American, 1928-1987) Oxidation Painting (in 12 parts), 1978. Acrylic and urine in linen, 48 x 49 in. (121.9 x 124.5 cm) All images courtesy of: © 2010 The Andy Warhol Foundation for the Visual Arts/Artists Rights Society (ARS), New York.

Currently on view at the Brooklyn Museum is ‘Andy Warhol: The Last Decade’, a survey of the artist’s works from the late 1970s until his death in 1987. The exhibition was organized by the Milwaukee Art Museum and its tour schedule includes the Museum of Modern Art, Fort Worth and the Baltimore Museum of Art. Although Warhol is best known for his works from the 60s – soup cans, Marilyn Monroe portraits, and other iconic images that have become symbols of pop culture as a whole – but Warhol’s final decade was his most prolific. The 50 some works included in this show give a broad overview of the variety and scope of these late years. By the end of his career  the art community perceived Warhol as an overly eccentric washed-up artist. Over 20 years later, and with the benefit of hindsight, ‘The Last Decade’ proves that these final years gave rise to works worthy of both appreciation and admiration.

Andy Warhol Self-Portrait (Strangulation), 1978. Acrylic and silkscreen ink on canvas, ten parts, 16 x 13 in. (40.6 x 33 cm) each.

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Sotheby’s Evening Contemporary Art Auction in Progress, via Sothebys.com

With the audience being described as “dazed” and “fatigued,” excitement was sparse at yesterday evening’s Contemporary Art auction at Sotheby’s in London. The sale realized a total of £41,091,800, well within the £32-52 million estimate (total realized includes buyer’s premium, estimates do not).  The sale had a sell-through rate of 83% by lot and 87.3% by value, while 45.4% of lots sold above their high estimates.

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Yves Klein, MG 42, 1960 (estimate £200,000-300,000, realized £481,250), via Sothebys.com

The headlining work, Yves Klein’s RE 49, sold for just over £6 million (estimate £4.5-6.5 million) after three minutes of bidding from four interested buyers.  The other Klein canvas for sale yesterday evening, MG 42, realized a price of £481,250, above its pre-sale estimate of £200,000-300,000. Though the works performed reasonably well, there is still concern that the market might be tiring of them. “There are too many Kleins and Fontanas in these auctions,” Dusseldorf-based art adviser Jorg-Michael Bertz said, in conversation with Bloomberg reporter Scott Reyburn. “We need a rest from them.”

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Yves Klein, Re 49, 1961 via Sothebys.com

Expectations are high for this week’s Contemporary Art auctions at Sotheby’s and Christie’s in London.  The auctions, which will take place between June 28^th and July 1st, will feature sought after works by several important artists, including Yves Klein, Gerhard Richter, Andy Warhol, Jeff Koons, Richard Prince, Lucio Fontana, and Jean-Michel Basquiat.  The strength of the works being sold is the result of buoyed seller confidence following a recent series of record-breaking auction results, such as the sale of a Picasso for $106.5 million in May at Christie’s in New York and 43.2 million euros for a Modigliani sculpture this month at Christie’s in Paris.  Sotheby’s evening auction carries a low estimate of £38.3 million for 53 works, while the Christie’s Post War and Contemporary evening sale carries a low estimate of £40.9 million for 63 lots.  Last summer’s Contemporary Art sale at Sotheby’s, which was expected to bring between £19.8-27.4 million, brought in £25.5 million for 40 lots. The comparable Christie’s auction last year brought just over £19 million for 40 lots with a low estimate of £17.4 million.

At Sotheby’s, all eyes will be on an Yves Klein sponge painting from 1961 titled Re 49 and dedicated to the artist Charles Wilp.  This large-scale work comes from the collection of the Munich-based HypoVereinsbank and is estimated to bring £4.5-6.5 million.

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Quilt by Alexandre da Cunha, and Six Billboards by Angus Fairhust, Art Basel.  Image via Art Daily, AP Photo/Keystone/Georgios Kefalas.

Yesterday marked the end of the most highly-attended Art Basel to date. The 41st annual contemporary art fair boasted 306 galleries from 36 countries, and AO was on site to peruse the work of some 2,5000 artists.  62,500 dealers, collectors, curators, high-profile shoppers, artists, and art appreciators navigated installations, browsed gallery booths, mingled, and enjoyed the city of Basel.  Artists, established and newcomers both, showcased works ranging from Polaroids to performance pieces, paintings to videos, sculptures to large-scale installations.  A social and teeming affair with an obvious commercial edge, Basel’s sales were optimistic.  Picasso, Warhol, Prince, Hirst, de Kooning, Pollock, and other similarly established artists reigned supreme as the focus of this year’s event.  Franck Giraud, a New York dealer, spoke to the New York Times about the lack of prominently featured up-and-comers: “Is it because that’s what the market wants, or is it because dealers didn’t want to take risks? I think it was a bit of both.” Nonetheless, certain galleries used Basel as a platform to introduce new artists and show off their latest signings.

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Team Gallery Booth at Art Basel 2010, Image via Art Basel.

AO is on site at Art Basel, Switzerland, where Wednesday marked the official, public opening of the international show.  On the roster was an inaugural Conversation Series speech by Paul McCarthy, an Art Film at Stadtkino Basel, and an Artist’s Talk with Rodney Graham at Kunstmuseum.  If the congenial and thronged atmosphere hadn’t tipped us off to the anticipation surrounding this year’s exhibitions, Tuesday’s sales would have been a clear indication.   A $15 million Picasso 1960 plaster maquette, Personnage, was snatched up immediately from Krugier Gallery by one of the VIP guests (an American collector) invited to Basel’s early opening, as was a line drawing by the same artist, one by Egon Schiele, and paintings by Max Ernst and Paul Klee. Sara Kay of the Geneva- and New York-based Kugier Gallery was unable to disclose the buyer of yesterday’s Picasso sale, but ten minutes after the purchase’s confirmation noted to Art Info that “[The] piece went to a very important collector with the best modern masters.  This is museum-quality, not trophy-level. It’s a very serious piece.” Skarstedt Gallery also enjoyed a  meritorious patronage yesterday, with sales including a Christopher Wool painting, Untitled, for $800,000, a Barbara Kruger photograph for $700,000, a Cindy Sherman piece for $500,000, and two works by George Condo: The Madman and The Colorful Banker, which fetched $375,000 and $225,000, respectively.  Hufkens Gallery sold a Louise Bourgeois etching, A Baudelaire (#7), which the late artist completed several months before her death in May, for $650,000 to a European collector.  Cheim & Read boasted a lucrative afternoon as well, with sales including a $2 million Joan Mitchell abstraction, a $125,000 Sam Francis drawing, a $100,000 Ghada Amer painting, Paradise, and a 28-strong Bourgeois watercolor series, Les Fleurs.  Lisson Gallery sold two Anish Kapoor‘s for $742,000.  Richard Prince‘s Student Nurse brought Gagosian $4.2 million, and Paul McCarthy’s bronze suites–Sneezy and Dopey–yielded Hauser & Wirth a combined total of $3 million. Blum & Poe sold a dyptich by Takashi Murakami for $1 million. White Cube reportedly sold six of Damien Hirst‘s new paintings, as well as Hirst’s “Memories of Love,” valued at $3.48 million. Lehmann Maupin sold two neon works by Tracey Emin, each for $74,000.

Damien Hirst, ““Memories of Love,” at White Cube’s booth, sold for $3.48 million. Image by Art Observed.

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Zao Wou-Ki 02-01-65 (1965) Estimate: HK$8-12 million US$1-1.5 million. Price Realized: HK$20,820,000 $2,694,593

Christie’s Hong Kong Spring sale of Contemporary Chinese Art on May 29th, 2010 sold 36 works by artists such as Zao Wou-Ki, Zhan Wang, Cai Guo-Qiang, and Kim Dong Yoo for a combined total of HK$303 million or US$39 million, with important works still fetching prices above their estimated value and all works auctioned were sold. Both Akira Yamaguchi and Ryozo Kato set new artist records for their works with Yamaguchi’s work fetching HK$1,940,000 or US$251,081, and Kato’s work reaching HK$312,500 or US$40,125. Other works that went above the estimate are Andy Warhol‘s portraits of Mao that went for HK$1.5 million dollars above estimates.

According to Art Daily, Eric Chang, International Director of Asia Contemporary Art and Chinese 20th Century, said, “Today’s Evening Sale of Asian Contemporary and Chinese 20th Century Art achieved HK$303.4 million/US$39 million, three times the estimate and a 67% increase from our Spring Evening Sale last year.” Bloomberg reports that the market for Contemporary Asian art is slowly on the rise, although no where near as powerful a force as a few years ago.

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