Sotheby brings 186.1 million dollars in contemporary art sales

Selling Sotheby from three parts on Thursday in New York achieved a total of $ 186.1 million over 68 pieces, coming towards the end of a $ 141 million to $ 204.9 million. The result, although higher than a similar sale in November, was still a noticeable decrease of 18 percent from the equivalent sale last May, which achieved $ 227.9 million.

This strong result, although unexpected, reflects the broadest direction through the sales of the marquee for this week: the strong demand for the works of the blue chip, and more attention to caution with the younger and medium artists. Through two centers and a wider contemporary sale, buyers were providing strongly for business with strong origin or institutional appeal, but they were more cautious anywhere. (All quoted prices include the buyer’s fees unless it is mentioned otherwise.)

Sotheby’s tonight started selling a 12 -year -old concentration of a group of influential performance Parbara Gladstone, who died last year. All 12 works, which struck the mass without guarantees, are sold, with eight pieces that exceed their high estimates. The total sale of Gladstone 18.5 million dollars, with a little higher estimates of $ 17.2 million.

Two paintings of Richard Prince carried the weight of the sale financially, achieving $ 7.5 million with fees, which constitutes about 40 percent of the total first sale. PRINCE’s 2002-2003 Panel Crazy man nurseHowever, it was sold for a shade of less than $ 4 million – less than $ 12.1 million to make the “Nurses” series, in Hong Kong, Sotheby in 2021.

Gladstone Sale was followed by a sale of 15 works from the famous agent Daniella Luxembourg, with a strong focus on Italian artists after the war, especially those associated with ARTE POVERA. This sale provides most fireworks, as sales move quickly and at high levels.

The opening from the sale of Luxembourg, Lucio Fontana sculptures Concetto Spaziale (1962-1963), was sold for $ 764,000 to a bidder in the room, for six times its estimates of $ 180,000, with five bidders seeking to work. Later, the Micheldelo Pistoletto mirror of 1969 Maria NodaI presented a picture of a brunetted brunette girl, one of the most competitive moments in the evening. After a five -minute bidding war between eight service providers, the work was sold for $ 2.7 million, more than twice its estimation of $ 1.5 million.

“This deserves a round of applause, right?” Oliver Parker, the auction chairman and chairman of the Sotheby’s Europe, said, he tends to the platform, where the crowd applauded.

Concetto Spaziale, La Fine Di DioThe 1963 oil and shine board, written by Lucio Fontana, was the highest seller in this group, with $ 14.5 million, in the middle of its estimate of $ 12 million to 18 million dollars.

For Italian art, Mattia de Luca, who runs an audible exhibition in Rome, Sale Luxembourg represents a unique opportunity to get really rare works by artists such as Fontana and Pistoletto.

“Luxembourg’s sale has truly proven that the best quality work will stand up to these difficult times in the arts market,” said de Loca. ARTNEWS. “When the quality is high, the business is well priced with appreciation – which I think they were – it is working well.”

Other prominent results of the Italian session included Alberto Puri’s 1976 painting, which was sold for $ 3.1 million without any published estimate, and Clayus Oldenburg carved for the year 1969, whose estimation of $ 1.5 million exceeded at a final price of $ 1.94 million. A rare plot based on the 1959 bands was sold by Salvatore Scarpitta for $ 1.08 million, less than $ 1.2 million. A slight piece of Joseph Kosouth was sold for 1965 for $ 190,000, higher than its estimation of $ 150,000. The sculpture is erased by Pino Pascali, which is estimated at $ 400,000 to $ 600,000, and also caught a strong interest and sold at $ 1.64 million, or nearly three times the high estimate. Two of the mobile phones, Alexander Caldr, exceeded estimates. Armada (1946), which is estimated at about $ 5 million, was sold for $ 5.4 million, while working in 1948 Beetle It brought $ 4.2 million for a high estimate of $ 4 million.

After selling, Lucius Elliot, head of contemporary pavilion sales at home, indicated that the original was a major contributor to the success of LuxMon and Luxembourg.

“At such a time, and in general, people look at the source as a sign of quality,” I told Elliot ARTNEWS. “There is something that can be said about the effect of the aura created by a group, and reassurance to know that you are buying from someone who had such a long time and a distinctive eye to choose what they want to buy throughout those years.”

The highest price in the evening came during a sale now for the 1981 Michel Paskayat oil stick on paper works held in the same group for 30 years. The introduction is estimated at 10 million dollars and its support is a guarantee.

Many Roy Lesteinstein’s works do strongly. Bonsai tree (1993) More than its low appreciation of $ 1.5 million, as it was sold for $ 4.2 million. Two other paintings of Lichtenstein were sold from 1988 and 1996 for $ 5.5 million and $ 4.9 million, respectively, both of which are strongly among their estimation ranges.

But the most valuable works were written by Ed Rocha and Gerard Richter, which seemed to settle points at night even with expectations. Previous text of the year 1989 This was this now She decreased in her low estimate of $ 7 million, reaching $ 8 million with fees, while an abstract panel of 1990 by Reichter reached $ 6.9 million, with a little less than $ 7 million, after a long round of bids.

Andy Warhoul worked in 1964 Flowers It is sold for $ 4.1 million, or more than twice its estimate of $ 1.5 million. Bidding for this work began quickly and angry with the offers of offers in the room and on the phone, but then stopped about 3.1 million dollars, as it was put forward.

At the same time, another person after the war proved that she was a university person who was betting on her prices in recent years: Lee Krasner’s abstract fabric August petals It brought 5.2 million dollars, in the middle of its estimate from $ 4 million to 6 million dollars. (The price was eventually lower than the current record of Krasner in an auction, which is $ 11.6 million.)

In the contemporary part of the evening, the latest artists made a more mixed show. Daniel McKini 2023 pictorial painting Standing steadfast A hammer price of $ 220,000 increased, and more than five times its estimation of $ 40,000 – follow -up of competitive bids between Sotheby’s specialists on the phone. With fees, the total came only shy of $ 280,000. Similarly, Via the place (2023) by the Japanese painter Yu Nishimura, who recently joined the list at the David Zouirner Show, jumped to a $ 320,000 hammer, or $ 406,000 with fees. This was much higher than the record for the former Neshimura auction of $ 296,000, located in Christie’s New York in February, and more than six times the low estimate of $ 50,000. A job without a address to German artist Ernest Johji Gere was sold for $ 190,500, more than twice as much as the previous record of the artist of $ 73,000, last May in Christie’s New York.

Art Adviser Andrea Hazen, Executive Member of the Association of Professional Arts Advisors, was expected to result.

Hazen told ARTNEWS.

Rashid Johnson Two broken men stand (2018), made of ceramic tiles and oyster lowering, exceeded expectations, as it was sold for $ 1.8 million, higher than its estimate of $ 1.2 million. The internal scene of the Iraqi painter Muhammad Samidi was 2023, a similar deserved, as it climbed from a low estimate of $ 300,000 to a hammer price of $ 450,000, or $ 571,000 with fees.

In other moments, artists’ performance was badly and adults at an equal basis, making it difficult to determine any specific direction. The Kenny painting was sold in 2015, 41, estimated at $ 2 million to $ 3 million, at $ 2.4 million. A text in 1989 was written by Barbara Kruger by $ 620,000 – slightly higher than its low estimate of $ 600,000 – although its total of $ 78,7400 with fees was closer to the work estimate of $ 800,000. Frank Stella Adilanti, “Running V” from 1964 Deaccessioned by the San Francisco Museum of Modern Art has gained some bids before beating for $ 6.5 million, or $ 7 million with fees. This was far from his low estimate of $ 10 million.

“There were two Stels on the market this season and the performance for them was all relatively consistent.” “Ultimately, these paintings are very sophisticated, and very brain, and this painting was also a very large plate.”

The final lattum, the Midara plate by Jacob Lawrence since 1958, has failed to sell, providing a somewhat embarrassing applause round to close the evening.

23 of 41 pieces in sale now came with guarantees. The two paintings, one of the Urs Fisher and the other by Cesili Brown, has not been sold.

However, for Elliot, the tonight had more positive directions to observe more than negative. He referred to the general depth of giving bidding in the room and on the phone, and the fact that two -thirds of the sales references were Americans.

He said: “I think we will find that many offers and buyers were also Americans. This is particularly interesting with the sale of Luxembourg, as the work was heavily European. It is a testament to the fact that the market, which has eased, is on the way back to back.”