Christie’s New York Contemporary art auction takes $143 million
Published May 10th, 2006
Works by Andy Warhol and Willem de Kooning each sold for more than $10 million (5.36 million pounds) at Christie’s on Tuesday, signalling a healthy, if not runaway, market for post-war and contemporary art.
Damien Hirst broke his own record with a sheep-in-formaldehyde sculpture in the monumental auction which placed 91 lots on the block, including a group of 26 works by Donald Judd. Only eight failed to sell.
The auction house took in $143,187,200 including commissions, its second-highest total for a contemporary art auction and right in the middle of its $130 million to $160 million pre-sale estimate.
New records were set for 12 of the 47 artists whose works were on offer, including David Hockney, Brice Marden and Hirst.
Twenty-five Judd sculptures sold for a total of $24.5 million, or more than 10 percent above Christie’s high estimate for the group. Prices ranged from $72,000 to $2.7 million.
Throughout the evening bidding was brisk, which auctioneer Christopher Burge said characterised both the sale itself and the overall market for contemporary art.
“It was a very strong result,” Burge said.
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