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CHRISTIE’S EVENING AUCTION
POST-WAR & CONTEMPORARY ART
TOTALS £81.6 / $127.7 / € 94.6 MILLION
Global Bidding Results in Highest Total for a February Evening Auction of Post-War & Contemporary Art at Christie’s London
Jussi Pylkkänen, President of Christie’s EMERI, selling the top lot of the sale: Jean-Michel Basquiat’s Museum Security (Broadway Meltdown) Painted in 1983 it sold for £9.3 million / $14.6 million.
A CELEBRATION OF 20TH CENTURY BRITISH ART LED BY RECORD-BREAKING DOIG MASTERPIECE
In total 19 lots sold for over £1 million and 27 lots for over $1 million. Five Artist Records Established
London - On 13 February, Christie’s London evening auction of Post-War & Contemporary Art realised a total of £81,668,850 / $127,730,081 / € 94,654,197, selling 96% by value and achieving the highest total for a February Evening Auction of Post-War & Contemporary Art at Christie’s London. The top price of the evening was paid for Jean-Michel Basquiat’s Museum Security (Broadway Meltdown), which sold for £9,337,250 / $14,603,459 / €10,821,873 (estimate: £7 to £9 million) (illustrated above). A selection of works offered from the collection of Mrs. Ingvild Goetz realised £4,286,750 ($6,704,477 / €4,968,343), achieving three times the low pre-sale estimate. Francis Outred, International Director and Head of Post-War & Contemporary Art, Christie’s Europe: “An exciting night of Christie’s theatre saw Jussi Pylkannen excelling in the face of an unprecedented volume of bidding from around the world. Some works carried up to fourteen phone lines, as the thirst for post-war & contemporary art continues to develop. Five world records were achieved, including for Peter Doig and Pierre Soulages, the new and the old masters in our field, alongside the consistent growth of the market for Basquiat, Bacon, Hockney and Richter. Christie’s was privileged to be able to present a selection of special works generously offered by Mrs. Ingvild Goetz, which achieved three times the pre-sale low estimate raising funds for the much needed and under-supported causes of anorexia and asylum seekers.”
Jean-Michel Basquiat’s Museum Security (Broadway Meltdown) sold for £9,337,250/ $14,603,459/ €10,821,873 (estimate: £7,000,000-9,000,000). A world renowned masterpiece it was completed in 1983, at the very pinnacle of the artist’s ascent to international critical acclaim. Included in the Whitney Biennial in 1984, the painting was also exhibited in Basquiat’s second solo show at Gagosian in LA as well as in the most recent major retrospective of the artist’s work at the Fondation Beyeler, Basel. This extraordinary, large scale painting perfectly encapsulates the artist’s powerful downtown graffiti style and vocabulary that marks the very best works in his oeuvre.
FURTHER HIGHLIGHTS OF THE SALE:
Gerhard Richter’s Abstraktes Bild (2004) sold for £8,441,250 / $13,202,115 / €9,783,409 (estimate on request). A majestic abstract painting and one of the most important examples from the artist’s late oeuvre, it demonstrates Richter having mastered his practice, recalling his opulent abstracts from the early 1990s including the suite of four Bach abstract paintings now housed in the Moderna Museet, Stockholm, Sweden and importantly prefiguring Richter’s major suite of Cage paintings (2006). Peter Doig’s The Architect’s Home in the Ravine (1991) sold for £7,657,250 / $11,975,939 / € 8,874,753 setting a new world record price for the artist at auction (estimate: £4,000,000-6,000,000). Formerly in the Saatchi Collection, this epic masterpiece dates from a pivotal moment in the artist’s career. It recreates Canadian architect Eberhard Zeidler’s modernist home in Rosedale at the heart of the Toronto ravine. The work was painted shortly after Doig’s graduation from the Chelsea College of Art and Design when he was awarded the prestigious Whitechapel Artist Prize culminating in a solo exhibition at the Whitechapel Art Gallery in 1991. Many of the works from this period are now housed within international museum collections including: The House that Jacques Built (1992), Tel Aviv Museum of Art, Boiler House (1994), promised to the San Francisco Museum of Modern Art, and Ski Jacket (1994), Tate Modern, London. When it first appeared at auction in June 2002 in London, The Architect’s Home in the Ravine realised £314,650 setting a record price for the artist. It was sold again in New York in May 2007 when it fetched $3.6 million. Francis Bacon’s Man in Blue VI (1954) sold for £4,969,250 / $7,771,907 / €5,759,361 (estimate: £4,000,0006,000,000). The penultimate painting in Bacon’s seminal suite of Man in Blue paintings (1954), Man in Blue VI is a stirring and profoundly perceptive portrait of existential, post-War Europe. Three paintings from this landmark series are now housed in museums including Man in Blue I, Museum Boijmans Van Beuningen, Rotterdam; Man in Blue IV, Museum Moderner Kunst Stiftung Ludwig, Vienna and Man in Blue V, Kunstsammlung Nordrhein Westfalen, Düsseldorf. Man in Blue VI was acquired by the previous owner in 1971 for £31,000 and has been in their possession ever since. David Hockney’s Great Pyramid at Giza with Broken Head from Thebes sold for £3,513,250 / $5,494,723 / €4,071,857, becoming the 2nd highest price for the artist at auction (estimate: 2,500,000-3,500,000). A unique, landmark painting, it stands as the only canvas to commemorate Hockney’s first trip to Egypt at the age of 26. Egypt had long been a source of fascination for Hockney, first appearing as a theme in his work as early as 1961. The fascination developed through his encounter with ancient Egyptian art at the Pergamon Museum, Berlin, as well as his admiration for Greek-Alexandrian poet Constantine P. Cavafy. It was only in 1963 however, at the age of twentysix that Hockney was eventually to travel to the country. Forming part of an important British collection for more than forty years, this is the first time that this painting has ever been seen at auction. Christie's holds the current auction record for Hockney with Beverly Hills Housewife which realized $7,922,500 in New York in May 2009. Allen Jones’s Table, Chair, Hatstand sold for £2,169,250 / $3,392,707 / €2,514,161, setting a world record price for a set by the artist at auction (estimate: £1,500,000-2,000,000). A true icon of Pop, this subversive ménage of sculptures was executed in 1969 at the height of the British artist’s career. Jones grew out of the wave of Pop art that was spreading across Britain and the United States during the ‘Swinging Sixties’. Schooled by Richard Hamilton at the Royal College of Art, he was one of a new generation of British artists including David Hockney challenging conventions and embracing their sexuality. Damien Hirst’s Away from the Flock (Divided) sold for £1,945,250 / $3,042,371 / €2,254,545 (estimate: £1,800,0002,500,000). A single sheep, suspended within two perfectly proportioned Minimalist tanks, it is an early masterpiece from Hirst’s celebrated Natural History series. Created in 1995, the same year Damien Hirst was awarded the Turner Prize, this work follows in a sequence of important bisected Natural History works. A key early work, Hirst created four versions of Away from the Flock, with this work being the sole bisected example. The sheep has become an important symbol for Hirst: first realised in 1994 for the group exhibition curated by Hirst, ‘Some Went Mad, Some Ran Away’, at the Serpentine Gallery, London, Hirst created the seminal work Away from the Flock, now housed in the collection of Tate and National Galleries of Scotland.
Michelangelo Pistoletto’s Autoritratto del 62 (Self-Portrait of 62) realised £1,273,250 ⁄ $1,991,363 ⁄ €1,475,697 doubling the previous artist record also set at Christie's London in October 2012, when Metrocubo d’infinito (Cubic Meter of Infinity) (1966) sold for £690,850 / $1,105,360 / €858,727. A selection of works offered from the Collection Mrs. Ingvild Goetz totalled £4,286,750 / $6,704,477 / €4,968,343 (combined pre-sale estimate: £1,550,000-2,110,000). The top lot from the collection was Christopher Wool’s Mad Cow, a 1997 painting realised on a large-scale aluminium panel which sold for £2,281,250 / $3,567,875 / €2,643,969 (lot 4; estimate: £700,000-900,000). The remaining 120 works of art from the celebrated collection of Mrs. Goetz will be offered in London over two additional auctions, one tomorrow (14 February) (lots 101-163) and one in April 2013. The proceeds of the sales will benefit Mrs. Goetz’s long-term philanthropic projects, including support for charitable organisations which battle anorexia and the improvement of the conditions for asylum seekers, a cause that she has embraced for many years.
The Post-War and Contemporary Art Day Auction will take place on 14 February, at 1pm.
Lot 9, Peter Doig, price realised: £7,657,250 ⁄ $11,975,939 ⁄ €8,874,753 Lot 14, Michelangelo Pistoletto, price realised: £1,273,250 ⁄ $1,991,363 ⁄ €1,475,697 Lot 33, Allen Jones**, price realised: £2,169,250 ⁄ $3,392,707 ⁄ €2,514,161 Lot 46, Pierre Soulages, price realised: £3,289,250 ⁄ $5,144,387 ⁄ €3,812,241 Lot 70, Wade Guyton, price realised: £735,650 ⁄ $1,150,557 ⁄ €852,618 **World auction record for a set by the artist. PRESS CONTACT: Cristiano De Lorenzo | +44 207 389 2283 | email@example.com
About Christie’s Christie’s, the world's leading art business, had global auction and private sales in 2012 that totaled £3.92 billion/$6.27 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's has since conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers over 450 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War and Contemporary, Impressionist and Modern, Old Masters and Jewellery. Private sales totaled £631.3 million/$1 billion in 2012, an increase of 26% on the same period last year. Christie’s has a global presence with 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, and Hong Kong. More recently, Christie’s has led in growth markets such as Russia, China, India and the Middle East, with successful sales, exhibitions and initiatives in Moscow, Baku, Beijing, Mumbai, Delhi, Jeddah, Abu Dhabi, Doha and Dubai. *Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.
Images available on request Complete catalogue available online at www.christies.com or via the Christie’s iPhone app
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POST-WAR & CONTEMPORAY ART EVENING AUCTION
L o n d o n , 1 3 F e br u ar y 2 0 1 3 , S a l e 1 1 0 6
[All sold prices include buyer’s premium]
65 lots sold 72 lots offered Lot
Total: £81,668,850/$127,730,081/€94,654,197 $1.564 = £1 / € 1.159 =£1 Description Estimate (£)
7,000,000 - 9,000,000
90% sold by lot 96% sold by value Buyer
£9,337,250 $14,603,459 €10,821,873 £8,441,250
Jean-Michel Basquiat (1960-1988), Museum Security (Broadway Meltdown), 1983
Gerhard Richter (b. 1932), Abstraktes Bild, 2004 Peter Doig (b. 1959), The Architect's Home in the Ravine,
Estimate on Request
$13,202,115 €9,783,409 £7,657,250
1991 WORLD RECORD PRICE FOR THE ARTIST AT AUCTION Francis Bacon (1909-1992) Man in Blue VI, 1954
$11,975,939 €8,874,753 £4,969,250
4,000,000 - 6,000,000
$7,771,907 €5,759,361 £3,961,250
Lucio Fontana (1899-1968), Concetto spaziale, Attesa, 1964 David Hockney (b. 1937), Great Pyramid at Giza with
1,800,000 - 2,500,000
Broken Head from Thebes, 1963 2ND HIGHEST PRICE FOR THE ARTIST AT AUCTION Pierre Soulages (b. 1919), Peinture 202 x 156 cm, 27 mars 1961, 1961 WORLD RECORD PRICE FOR THE ARTIST AT AUCTION
2,500,000 - 3,500,000
$5,494,723 €4,071,857 £3,289,250
500,000 - 700,000
$5,144,387 €3812,241 £2,281,250
Christopher Wool (b. 1955), Mad Cow, 1997 Allen Jones (b. 1937), Hatstand, Table and Chair, 1969
700,000 - 900,000
$3,567,875 €2,643,969 £2,169,250
WORLD RECORD PRICE FOR A SET BY THE ARTIST AT AUCTION
1,500,000 - 2,000,000
$3,392,707 €2,514,161 £1,945,250
Damien Hirst (b. 1965), Away From the Flock (Divided), 1995
1,800,000 - 2,500,000
*Please see separate post-sale press release for comment
PRESS CONTACT: Cristiano De Lorenzo |+ 44 (0) 207 389 2283| firstname.lastname@example.org
Please click here to view the full international schedule of upcoming sales from the Post-War & Contemporary Art department at Christie’s Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.
Next Sale: 14 February 2013, London