Jussi Pylkkanen, Christie’s auctioneer and global president, sells Claude Monet’s Le bassin aux nympheas for US$74 million at the auction house’s 20th-century evening sale on Thursday in New York. The sale was Pylkkanen’s last in New York after 38 years at the auction house.
Courtesy of Christie’s Images Ltd. 2023Christie’s auction of 20th-century art on Thursday evening pulled in nearly US$641 million and set artist records for Richard Diebenkorn, Joan Mitchell, and Arshile Gorky.
Claude Monet’s Le bassin aux nympheas led the auction, selling for US$64 million, US$74 million with fees. The price for the monumental water lily work, which was guaranteed by a third party, was in line with expectations. Christie’s had described the painting of the artist’s Giverny landscape as a “masterpiece rediscovered,” as it had been in the same private collection for 50 years, and had never been seen publicly.
Results from the lively, masterpiece-filled sale demonstrated that collectors will step up to buy top-notch art. According to Christie’s, the total was the highest the auction house has made for an evening sale of various owners in six years.
Diebenkorn’s Recollections of a Visit to Leningrad, 1965, a painting said to mark the beginning of the artist’s well-known Ocean Park series, broke a record for the artist, selling far above a US$25 million estimate to fetch US$40 million, or US$46.4 million with fees. Diebenkorn’s previous auction record was US$27.3 million, achieved in 2021 at Sotheby’s for Ocean Park #40, 1971.
Richard Diebenkorn’s Recollections of a Visit to Leningrad, 1965, set a price record for the artist at auction when it sold at Christie’s 20th-century evening sale for US$46.4 million, including fees.
Courtesy of Christie’s Images Ltd. 2023The auction record for a work by Joan Mitchell was also shattered when an untitled painting from early in her career, circa 1959, sold for US$25 million, nearly US$29.2 million with fees. The result surpassed the previous high auction price for the artist’s work of US$16.6 million, which was set in 2018 for Blueberry, 1969.
Another major work by Mitchell, Sunflowers, 1990-91, with an estimate in the region of US$20 million, will hit the auction block Wednesday evening at Sotheby’s contemporary auction in New York
In all, the hammer price for the auction—which does not account for the buyer’s premium and other fees—was US$542.6 million, solidly within expectations. The presale estimate range for the auction (which doesn’t account for fees) was between US$515.24 million and US$660.4 million after two lots were withdrawn. Of the 63 lots offered, about 40% were partially or fully financed by a third party, guaranteeing they would sell.
Overall, 97% of the offered works did sell, although among the two pieces that didn’t find buyers was Paul Signac’s Tertre Denis (Opus no. 189), which was from the Phillips Family Collection of Canada. The 1888 painting, which was not guaranteed, was expected to realize at least US$15 million. The other painting that didn’t find a buyer was also from the same collection—Camille Pissarro’s La barrière du chemin de fer, aux Pâtis près Pontoise, which was expected to sell for at least US$3 million.
It was an auction chock-full of quality works with high price tags, including 10 offered with estimates at US$20 million or more.
Francis Bacon’s Figure in Movement, 1976, with an estimate in the region of US$50 million, sold for US$45 million, nearly US$52.2 million with fees, and Mark Rothko’s Untitled (Yellow, Orange, Yellow Light Orange), with an estimate in the region of US$45 million, sold for US$40 million, US$46.4 million with fees.
Christie’s 20th-century sale was the third major auction this week in New York, among a series of sales continuing next week that could realize more than US$2 billion in all. Christie’s 21st-century art sale on Tuesday delivered mixed results largely at the top-end of the market, realizing US$107.5 million, including fees, a day before a sold-out sale of the Emily Fisher Landau collection at Sotheby’s, which totaled US$406.4 million, with fees.
Thursday evening’s sale featured 10 works that had been in the collection of Ghostbusters filmmaker Ivan Reitman and his wife, Genevieve, including Pablo Picasso’s Femme endormie, 1934, a lushly painted rendering of his muse and lover Marie-Thérèse Walter, that just topped a US$35 million high estimate to sell for US$37 million, nearly US$43 million with fees.
The sale was a day after Sotheby’s brought in US$139.4 million, with fees, for a Marie-Thérèse painting from 1932 that had been in Landau’s collection.
Media mogul David Geffen parted with Arshile Gorky’s influential Charred Beloved I after owning it for 30 years; the 1946 painting created in the weeks after the artist’s devastating studio fire sold for US$20 million, US$23.4 million, a record for the artist that was in line with a presale estimate. The painting was guaranteed with a third-party bid.
Also featured were 12 works spanning genres and artists from the collection of Jerry Moss, the “M” in the independent A&M Records label. Among them was Tamara de Lempicka’s Fillette en rose, circa 1928-30, which sparked a bidding battle between two specialists that resulted in a sale that topped estimates at US$12.5 million, or nearly US$14.8 million with fees.
Frida Kahlo’s Portrait of Cristina, My Sister, 1928—also from the collection—sold for US$6.8 million, or US$8.2 million, with fees, at the low end of expectations.
The auction also led to a record for Barbara Hepworth’s The Family of Man: Ancestor II, which sold after five minutes of bidding for US$9.7 million, or nearly US$11.6 million with fees, topping a presale high estimate of US$6 million. Joan Snyder’s The Stripper, a painting from the Reitman collection, also scored a record for the artist, selling for US$380,000, or US$478,000 with fees, three times a high estimate.
The Musicians, a 1979 painting by the late Colombian artist Fernando Botero, who died at age 91 in September, also set a record, selling for US$4.2 million, or US$5.1 million with fees, after rounds of active telephone bids.
The auction included the sale of three paintings by Paul Cézanne from the Langmatt Museum in Baden, Switzerland, led by Fruits et pot de gingembre, 1890-93, which sold for US$33.5 million or US$38.9 million, with fees, after more than four minutes of bidding. Quatre pommes et un couteau sold for US$10.4 million, with fees, and La mer à l’Estaque, sold for nearly US$3.2 million, with fees. A foundation set up to support the museum’s aging facilities has been depleted and the museum resorted to the sales “to secure a long-term and financially sustainable basis for the museum’s operations,” according to a news release.
"filled" - Google News
November 10, 2023 at 08:51PM
https://ift.tt/pi0g5xI
Christie’s Realizes US$641 Million in Masterpiece-Filled Auction - Barron's
"filled" - Google News
https://ift.tt/ymAMYur
https://ift.tt/MXfShyC
Bagikan Berita Ini
0 Response to "Christie’s Realizes US$641 Million in Masterpiece-Filled Auction - Barron's"
Post a Comment