Article from: Art News
Christie’s staged two back-to-back sales of modern and contemporary art on Tuesday afternoon in London and Paris, bringing in a combined total of $250 million with fees.
The total hammer price for the entire grouping across both sales before fees came to $200.7 million, falling at the low end of the pre-sale estimate of £145 million–£213 million ($177 million–$259 million). Among the high-profile attendees who could be spotted in the salesroom was dealer Helly Namad.
Blue-chip male artists accounted for most of the top lots.
Two pastel-toned landscapes by Claude Monet, Waterloo Bridge, effet de brume (1904) and Nymphéas, temps gris (1907), generated a collective £60 million ($74 million).
Yves Klein’s 1960 canvas Anthropométrie de l’époque bleue, (ANT 124), which was offered for sale for the first time in the Christie’s auction. The blue-toned painting, which Klein executed using a sponging-technique, was offered at £24 million ($30.2 million). Five bidders competed for the work, which sold for a final price of £27 million ($33.4 million), going to a bidder on the phone with Christie’s London specialist Guy Agazarian. The result makes it one of the most valuable works by Klein to come to auction, thought that price is still shy of his current record of $36.4 million, set in 2012 by the sale of FC1 (Fire Color 1), from 1962.
A metallic pink Jeff Koons sculpture titled Balloon Monkey (Magenta), 2006–2013, was sold at the sale by the Ukrainian-born billionaire and philanthropist Victor Pinchuk and his wife Olena to raise money for medical aid to Ukrainian soldiers during the ongoing war with Russia. The work sold for within its estimate £10 million ($12.6 million).
The Koons was won by another mega-collector, the Copenhagen-based collector Jens Faurschou. In a statement following the sale, referring to charitable initiatives in the art world, Faurschou said, “We need more.”
Christie’s specialist bidding in London sale room.
René Magritte’s Souvenir de voyage (ca. 1962–63), which depicts a grey stone apple and a crescent moon against a cloudy sky, brought some suspense to the sale. A prolonged bidding war between five bidders saw the work’s hammer price move far over its £5 million ($6 million) high estimate. The work sold for a final price of £16 million ($19.7 million), going to a bidder on the phone with Christie’s London-based specialist Guy Agazarian.
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A sculpture by Simone Leigh, the recipient of the Venice Biennale’s Golden Lion award this year, opened the London event. The work, Untitled V (Anatomy of Architecture series), depicting a bust of a woman adorned with roses and straw, sold for a double-estimate final price of £724,500 ($880,000).
A 2003 acrylic and graphite on canvas painting by Michel Majerus titled Milky Way, which depicts the work’s title in a bold font, went for £403,000 ($490,000), more than double it estimate. Majerus is the subject of a survey at the KW Institute for Contemporary Art in Berlin that is scheduled to open in October.
Leonora Carrington, whose writings lent the current Venice Biennale its title, was represented by Ferret Race (Stoat Race), which saw competition from three bidders. It went to a Hong Kong buyer for £1.4 million ($1.7 million). The result was still shy of the artist’s current record of $3.3 million, paid for The Garden of Paracelsus (1957) in May.
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Article from: Art News
