$ 224 M. Christie’s New York Evening Sale sees record for Peter Doig – ARTnews.com

Launching this fall’s auction season against the backdrop of a slowly reviving New York, a Christie’s evening sale of works made in the 21st century brought in $ 219 million on Tuesday.

All the 40 plots offered have been sold. Two works – one by Mark Grotjahn, the other by Felix Gonzalez-Torres – came on sale with an in-house guarantee, while another 20 were secured with third-party support. The entire group was expected to achieve an estimated hammer price of $ 150 million- $ 230 million with premium.

Christie’s auctioneer Gemma Sudlow, head of private and iconic collections, went to the podium on Tuesday to lead the sale. She replaced her colleague Christie’s chairman Adrien Meyer, who was hired to run the evening sales in New York last season during the pandemic break. Among the masked spectators in the packed room were dealers Jeffrey Deitch and Larry Gagosian. Although the surroundings resembled a pre-pandemic auction room, the energy among the audience and specialists was largely subdued.

related articles

Taino activist and educator Ra Ruiz

The work that received the highest award was Jean-Michel Basquiat’s large-scale painting The fault of the gold teeth (1982), which depicts a grimacing skull-like figure wearing a tall hat in the middle of scratched text. When it came to the sale with an irrevocable bid, the work hammered below its low estimate of $ 37 million, going for its single bid on the phone with Christie’s chairman Alex Rotter at a final price of $ 40 million.

A large-scale Peter Doig painting with the title Flooded (1990), sold for $ 39 million to another bidder on the phone with Rats. This bidder won over two others from Hong Kong and New York. With a single white boat floating among damru weeds and tree stumps, the work is from Doig’s groundbreaking “Canoe” series. It was expected to bring in more than $ 35 million, and it succeeded. In May 2015, the European collector who sold the work bought it for $ 26 million at auction. The result darkened Doig’s previous record of $ 28.8 million, then set by the artist Rosedale (1991) sold at Phillips in New York in 2017.

Christie's New York Sale Room

Christie’s New York Sale Room, November 9, 2021.
Christie’s

Another great ticket was the Basquiats Flash in Naples (1983), which depicts the superhero from the comic book who has given the work its name. The painting had last been exhibited at the Louis Vuitton Foundation in 2020. It went for $ 19.8 million, hammering over its estimate of $ 14 million. Prior to that, it sold for $ 8.1 million in 2017 at Christie’s and in 2010 for $ 3.3 million at Sotheby’s in New York.

New artists and mid-career artists with budding markets continued to dominate at Christie’s sales. Hilary Pecis’ domestic scene Upstairs interior (2019) sold for more than 10 times the high estimate of $ 80,000 and found a buyer on the phone with Christie’s Hong Kong specialist Evelyn Lin for $ 870,000. That sum more than doubled Pecis’ $ 307,600 auction record set less than a month ago at Christie’s London.

Next party, Nicholas Party’s Landscape (2021), sold for $ 3.3 million with prize to a bidder on the phone with Hong Kong President Erik Chang. That result set a new record for the artist. A record was also set for Stanley Whitney, whose unnamed 1999 painting with rows of box-like shapes in various shades attracted five bidders from New York and the United Kingdom. It sold for $ 1.2 million. As with Pecis, it was the second time Whitney’s auction record was reset in 2021 – the first came in June, when a bidder paid nearly $ 725,000 for his painting. Light a new wilderness (2016) at Christie’s.

A painting with a black-clad figure with a skull and a tall hat along with various counted down words, including, most prominently, text with

Jean-Michel Basquiat, The guilt of the golden teeth, 1982.
Courtesy Christie’s

One-third of the lots offered in Christie’s evening sale were sent by the same collector. A group of works by the Pictures Generation works Richard Prince, Cindy Sherman, Barbara Kruger and Christopher Wool were sold under the title “Image World”; they were sold by New Jersey-based neurosurgeon Abe Steinberger and his wife Cynthia, according to Vanity Fair. From the group, Barbara’s Kruger’s Untitled (Your way turns into science), 1981, set a new record for the artist of $ 1.2 million. Together, the 13 works generated $ 36.5 million.

One of the sale’s untraditional lots drew some of the night’s liveliest bids. For sale, the NFT artist Beeple produced a physical work entitled Man. The work is a seven-foot-tall sculpture composed of LED screens depicting an astronaut strolling through a dystopian landscape; it also comes with an NFT. Four bidders competed for the work, which hammered for $ 25 million, exceeding an estimate of $ 15 million. It went to an online bidder in Switzerland for a final price of $ 29 million.

Behind the scenes financial input sealed the fate of a number of works in this sale, which effectively put a damper on the energy of this sale with white gloves. But from time to time, bidding became more lively thanks to competition from Hong Kong.

Christie’s purpose in this sale was twofold: the house used its season opening to further facilitate bidding from different continents and to catch up with competitor Sotheby’s to turn the evening sale into a tech-forward venue complete with screens that track bids and views. many details. The change in atmosphere could be felt in Sudlow’s opening description of the scene, which was updated with digital frills. “You might notice that things look a little different in James Christie’s room,” Sudlow said, calling the sale an “engrossing event.”

Leave a Comment

x