Photo Courtesy of Christie'sChristie's, the worldwide leading auctioneer of high-end merchandise and sales, set another record at its recent Post-War and Contemporary Art event. The total sales of $412,253,100 establish a new high for Post-War and Contemporary Art. Eight new records in auction history stemmed from the sale as well.
Andy Warhol, Franz Kline, Jean-Michel Basquiat, Mark Rothko, Jeff Koons, and Roy Lichtenstein are some of the artists that make up the 92 percent sell-through level achieved. Eleven lots sold for more than $10 million; 16 lots at more than $5 million; and 56 went for more than $1 million. The sale-to-value ratio of the auction was 93 percent.
“This evening’s sale set a new record total for any Post-War and Contemporary Art sale. Over the past six years, Christie’s has led this market first over the $200 million, then over the $300 million, and now over the $400 million barrier,” said Brett Gorvy, deputy chairman and international head of Post-War and Contemporary Art. “We curated the sale around a rich variety of the highest quality works and most coveted artists in order to serve our broad international base of collectors in their quest to find the next iconic work, whether it is Pop Art, Abstract Expressionism art, or cutting-edge contemporary."