Monday, February 15th, 2010
Christie’s London Post-War and Contemporary Art Auctions
A Christie's employee inspects Yves Klein's Relief éponge (RE 47 II). Selling for $8,329,329 (before buyer's premium), the gold coated sponge relief was the highest grossing lot a the auction house's Post-War and Contemporary Auctions late last week (Image © AP Photo/Sang Tan, via Boston Globe).
Overall, Christie’s fared well during their latest round of Post-War and Contemporary Art Auctions. With a combined sale of $69,346,950, both evening and day auctions sold within their projected estimates. 158 (63%) of the 249 lots offered sold within or above their estimated range. 49 lots (19.7%) sold below low estimates, and 42 (16.9%) were unsold/withdrawn. While these results fare better than last year’s combined result of $14,486,820 – $12,980,727 (47%) below the low estimate of $27,467,547, the 2009 sales consisted of only 123 total lots.
Read on for our full analysis – Click Lot Numbers for Images and Details
Christie’s Post-War and Contemporary Art Evening Auction, Thurs., Feb. 11
Total Sale: $53,948,422 ($62,709,435 including buyer’s premium)
Lots Offered: 52, Sold: 46 (88.5%), Unsold/Withdrawn: 6 (11.5%)
Lots Exceeding High Estimate: 19 (36.5%), Selling Below Low Estimate: 12 (23.1%), Within Estimate: 15 (28.8%)
Results for 10 Highest Estimated Lots: Above Low Estimate: 3, Below Low Estimate: 3, Above High Estimate: 4
Highest Grossing Lots
1. Lot 16: Yves Klein – $8,329,329
2. Lot 15: Yves Klein – $5,846,548
3. Lot 44: Martin Kippenberger- $3,604,037
4. Lot 11: Andy Warhol – $3,203,588
5. Lot 7: Peter Doig – $2,883,229
View Complete Sale Results here
Christie’s Post-War and Contemporary Art Day Auction, Fri., Feb. 12
Total Sale: $15,398,526 ($18,736,064 including buyer’s premium)
Lots Offered: 197, Sold: 161 (81.7%), Unsold/Withdrawn: 36 (18.3%)
Lots Exceeding High Estimate: 43 (21.8%), Selling Below Low Estimate: 37 (18.8%), Within Estimate: 81 (41.1%)
Results for 10 Highest Estimated Lots: Above Low Estimate: 2, Below Low Estimate: 5, At Low Estimate: 1 Above High Estimate: 1, Unsold/Withdrawn: 1
Highest Grossing Lots
1. Lot 116: Neo Rauch – $832,993
2. Lot 119: Marlene Dumas- $496,556
3. Lot 215: Sam Francis- $496,556
4. Lot 173: Gerhard Richter – $464,520
5. Lot 201: Josef Albers – $432,484
View Complete Sale Results here
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