It is a rare week when there is no new world records being reported on in the public-sale industry. This week’s auction-adventure tale stems from Christie’s Post-War and Contemporary Art Evening Sale last night, in New York City, that resulted in total sales for the event of $388,488,000.
Art by Mark Rothko, Gerhard Richter, Jackson Pollock, Alexander Calder, Yves Klein, Richard Diebenkorn, Barnett Newman, and Willem de Kooning, were bid on in the saleroom. Fourteen new records were set by the conclusion of the evening. The brisk sales activity of the auction resulted in 99 percent sold by value and 95 percent sold by lot. (Photo: Jackson Pollock, Number 28, 1951)
Brett Gorvy, chairman and international head of Post-War and Contemporary Art, indicated that three major records were set within hours: the total sales for any Post-War and Contemporary art sale, a record for any private collection of Post-War and Contemporary Art at $174.9 million for the Pincus Collection, and a new record for the most expensive work of the period, with Rothko’s Orange, Red, Yellow, which sold for $86.9 million. (Photo: Mark Rothko, Orange, Red, Yellow)
“This was truly a season of icons, with the best works by Rothko, Newman, Richter, Pollock, Calder and Klein to come to market in many years. To see so many major records established in one evening was a tribute to the exceptional works on offer this season,” said Brett Gorvy. For more details on last night’s auction, visit Christies.com. (Photo: Alexander Calder, Snow Flurry)
JustLuxe is a luxury Web publication providing objective analysis and information to affluent consumers to assist with their decision making, such as chartering a yacht, purchasing a jet membership card, booking a luxury hotel, traveling to a specific destination, or buying real estate. Our writers conduct interviews with industry executives and leaders in their fields, analyze product offerings and review the Web sites of leading companies to ensure our readers have up-to-date data to make informed decisions. Consumers can find purveyors of fine luxury goods, services and travel solutions throughout the pages of JustLuxe via content or with our advertising partners. See our Best of Luxury high-end brands and partners.
rss
Michael Surguladze commented on May 30, 2012
Further evidence that art is a sound financial investment
Reply