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Esteemed Collections, Women Artists and Buyers from Asia Power $856.3M New York Sales
Across six events, Sotheby’s set 25 auction records and brought its year-to-date modern and contemporary art sales to $3.04 billion.
F ollowing up on the 168开奖官方开奖网站查询:billion-dollar week Sotheby’s had in May – which confirmed the art market’s strength this year – this edition of 168开奖官方开奖网站查询:The New York Sales achieved $856.3 million in sales, bringing the auction house’s yearly total for modern and contemporary art to $3.04 billion. This week’s impressive performance was bolstered by esteemed collections (including 168开奖官方开奖网站查询:The David M. Solinger Collection, 168开奖官方开奖网站查询:The William S. Paley Collection, 168开奖官方开奖网站查询:The Mallin Collection and 168开奖官方开奖网站查询:The de Kooning Family Collection), the continued rise in the valuation of work b🐎y women artists and the expanding art market𒉰 across Asia.
The auctions were dominated by rare-to-market works, including several mas🦋terpieces that made their market debuts, and two of the six events held at Sotheby’s this week achieved coveted white-glove status – meaning every single lot was sold. The energetic auctions were characterized by frenzied bidding, with work by eight artists seeing gambits by more than ten bidders: Salman Toor (15 bidders), Louis Fratino (13), Julien Nguyen (13), Lucy Bull (13), Jean Arp (12), Elaine de Kooning (12), Pierre Soulages (11) and Barbara Kruger (11).
Head below the fold to see more results from an exciting ღweek at Sotheby’s.
The Week at a Glance
- $137.9M
- $253.3M
- $56.2M
- $45.8M
- $269.1M
- $94.1M
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The David M. Solinger Collection23 works of modern art from the former president of The Whitney’s private collection surpassed their collective high estimate of $118 million. -
The Modern Evening AuctionThe 44-lot sale was powered by dozens of works making their auction debuts or returning to market after 30 or more years.
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The Modern Day Auction355 lots were offered in The Modern Day Auction, earning $56.2 million. -
The Now Evening AuctionSpirited bidding set 5 new auction records for some of the hottest artists on the market.
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The Contemporary Evening AuctionWarhol’s White Disaster led this sale at $85.4 million, almost a third of the auction’s total value.
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The Contemporary Day AuctionSotheby’s has now raised about $400 million for charity this year, supplemented by several dozen works in this auction.
The week’s auctions began on Monday, 14 November, with two thrilling sales dedicated to modern art. Each was spurred by multiple bidding wars that featured as many as ten different bidders and saw nine artworks sell for over $10 million. Collectively, the two auctions realized $391.2 million, the third-highest such evening in Sotheby’s history, with especially strong showings from the North American and Asian markets: major works by 168开奖官方开奖网站查询:Piet Mondrian ($51 million), 168开奖官方开奖网站查询:Alexander Calder ($8.5 million), 168开奖官方开奖网站查询:Joan Miró ($6.5 million) and 168开奖官方开奖网站查询:August Rodin ($2.3 million) all went to buyers in Asia, and Ameri🌞can collectors supplied half the total value of The Modern Evening Auction.
First up on Monday was 168开奖官方开奖网站查询:The David M. Solinger Collection, assembled by one of New York’s most influential cultural custodians. A former President of Tꦿhe Whitney Museum of American Art, Solinger masterminded the development of Marcel Breuer’s extraordinary museum on Madison Avenue (now home to The Frick Madison), and played a transformative role bridging the artistic𝐆 epicenters of Paris and New York City.
All but one of the 23 works comprising his collection of modern art made ♐their auction debuts on Monday evening. All found new homes – almost two-thi﷽rds at prices well above their high estimates – with a total sale value of $137.9 million, comfortably above its $118 million high estimate.
A 7-minute bidding battle for Alberto Giacometti’s Trois hommes qui marchent (Grand plateau) saw it sell for $30.2 million to a buyer in the room.
Leading the collection was 168开奖官方开奖网站查询:Collage by Willem de Kooning, whom Solinger was one the earliest collectors to support. A pivotal work, its sale at $33.6 million set a new record for a work on paper by the artist. De Kooning was one of many artists Solinger knew personally and collected intimately. Solinger first saw Alberto Giacometti’s 168开奖官方开奖网站查询:Trois hommes qui marchent (Grand plateau) in the artist’s studio in 1951; a thrilling bidding battle saw it double its estimate, ultimately going 🍎for $30.2 million to a buyer in the room when the gavel finally struck after seven minutes.
168开奖官方开奖网站查询:Femme, étoiles ($17.8 million), painted by Jean Miró on one of World War II’s final days, 168开奖官方开奖网站查询:Sixteen Black with a Loop ($8.5 million), a dynamic sculpture by Alexander Calder that saw eight bidders and a series of three works by Jean Dubuffet, led by 168开奖官方开奖网站查询:Épisode ($5.1 million), rounded ou🍰t the auction’s top five lots.
The David M. Solinger Collection continues with 168开奖官方开奖网站查询:eight works of an🅺cient Mesoamerican art included in the 168开奖官方开奖网站查询:Art of Af💝rica, Oceania and the Americas auction – open for bidding now and culminati﷽ng in a live auction on 21 November at 2 p.m. EST.
Monday night continued with 168开奖官方开奖网站查询:The Modern Evening Auction, featuri🌞ng select examples of Impressionism, Symbolism, Abstract Expressionism and other movements in early modernism. Over half of the works in this 44-lot sale made their auction debuts, while another third returned to the market after thirty or more years, demonstrating collectors’ confidence in the demand for modern art.
The $253.3 million auction was led Piet Mondrian’s 168开奖官方开奖网站查询:Composition No. II – a work that, when it last passed through the block in 1983, not only set an auction record for a work by Mondrian but also became 168开奖官方开奖网站查询:the mꦓost expensive work of abstract art, period. While that $2.2 million record has long since been broken, Composition No. II again became the most valuable artwork by the s♐eminal abstract painter when it sold to a collector in Asia for $51 million.
Piet Mondrian’s Composition No. II reclaimed its former record as the most valuable artwork by the seminal abstract painter when it sold for $51 million.
The evening also saw 29 works from The William S. Paley Collection sold to benefit a new acquisition fund for MoMA (168开奖官方开奖网站查询:among other charitable causes), a museum close to the collector’s heart. Pablo Picasso’s 168开奖官方开奖网站查询:Guitare sur une table is a stunning example of the artist’s Cubist period, ꦛearning it a $37.1 million💙 price tag.
Throughout the evening, women artists performed particularly well, such as when 168开奖官方开奖网站查询:Portrait de Romana de la Salle, a painting by 168开奖官方开奖网站查询:Art Deco portraitist Tama𒐪ra de Le🧸mpicka, sold for $14.1 million and became the artist’s second most-valuable work at auction. Elaine de Kooning made her first appearance in an evening auction with 168开奖官方开奖网站查询:Charge, which set an artist record at $1.1 million, and Remedios Varo’s 168开奖官方开奖网站查询:Visita al cirujano plástico broke its𓆉 estimate to sell for an impressive $3.1ꦡ million.
Monday’s evening auction was complemented by 168开奖官方开奖网站查询:The Modern Day Auction on Tuesday, which earned $56.2 million across 355 o♔ffered lots.
A second double feature on Wednesday, 16 November, began with 168开奖官方开奖网站查询:The Now Evening Auction. Highly anticipated, the auction is consistently one of the hottest events of the season, as it showcases some of the most desirable artists currently on the market. This evening was no exception, as the 22-lot sale established five new artist records: 168开奖官方开奖网站查询:Louis Fratino ($730,800), 168开奖官方开奖网站查询:Salman Toor ($1.6 million), 168开奖官方开奖网站查询:Elizabeth Peyton ($2.5 million), 168开奖官方开奖网站查询:Jacqueline Humphries ($850,500) and 168开奖官方开奖网站查询:Carol Bove ($787,500).
At $11.9 million, Yoshitomo Nara’s 168开奖官方开奖网站查询:Light Haze Days / Study earned over a quarter of the $45.8 million auction’s valuation. And for the second season in a row, The Now Evening Auction had a majority of works by women artists, who earned about 45 percent of the auction’s total value (168开奖官方开奖网站查询:compꦑared to💧 about 38 percent last May).
Salman Toor’s Four Friends saw a tense battle between 15 bidders before selling for $1.6 million.
Over half of the auction’s value came from collectors in Asia, and ten lots saw deep bidding from the continent. Works by eight artists are now headed to customs: Nara, 168开奖官方开奖网站查询:Cecily Brown ($4.5 million), 168开奖官方开奖网站查询:Nicholas Party ($2.3 million), 168开奖官方开奖网站查询:Avery Singer ($2.1 million), 168开奖官方开奖网站查询:Christina Quarles ($1.6 million), Toor, 168开奖官方开奖网站查询:María Berrío ($1.2 million) and 168开奖官方开奖网站查询:Anna Weyant ($504,000). (Fratino and 168开奖官方开奖网站查询:Julian Nguyen, $441,000, were the other artists who found interest in the 168开奖官方开奖网站查询:continent’s flourishing art market.)
At the end of the feverish hour, two thirds of the lots had broken their high estimates. And with every artwork sold, it became the third consecutive white-glove Now Eve🍃ning Auction.
Visitors to Sotheby’s public galleries this week were greeted with a gripping scene as they ascended the elevators: stills from a disastrous car crash, repeated 19 times, in one of Andy Warhol’s most radical and haunting works. 168开奖官方开奖网站查询:White Disaster (White Car Crash 19 Times) had been held by the same collector for more than 25 years and hadn’t been on public view for 15 years until it was displayed at Sotheby’s. On Wednesday, it became one of the artist’s🔯 most valuable works at auction when it sold for an incredible $85.4 million.
In fact, the work constituted almost a third of the 168开奖官方开奖网站查询:Contemporary Evening Auction’s $269.1 million valuation. (With The Now Evening Auction, the night’s total was $314.9 million.) Three more artist records were set – 168开奖官方开奖网站查询:Alighiero Boetti ($8.8 million), 168开奖官方开奖网站查询:Barbara Kruger ($1.6 million) and 168开奖官方开奖网站查询:Betye Saar ꦛ($378,0ꦆ00) – making a total of eight for the evening.
Andy Warhol’s White Disaster (White Car Crash 19 Times) became the week’s top lot when it sold for an incredible $85.4 million.
As in Monday’s Modern Evening Auction, magnificently curated private collections formed the evening’s core. Three more works from The William S. Paley Collection achieved a combined $9.6 million, bringing the collection’s total to $95.9 million to date. The de Kooning Family Collection also brought to market three works making up a succinct retrospective of the artist spanning twenty years; the group was led by 168开奖官方开奖网站查询:Untitled, which achieved $34.8 million and became the artist’s third-most valuable work at auction. Six works from The Collection of Geraldine and Harold Alden realized $20 million, led by Roy Lichtenstein’s 168开奖官方开奖网站查询:Modern Painting with Small Bolt, which sold for $6.9 m𒈔illion. And four works from The Mallin Collection earned a remarkable $11 million this evening.
Wednesday’s evening auction was complemented by 168开奖官方开奖网站查询:The Contemporary Day Auction on Thursday, which earned $94.1 million across 309 offered lots. The day sale benefited a number of charitable causes, including: works by 168开奖官方开奖网站查询:Cecily Brown ($441,000), 168开奖官方开奖网站查询:Katherine Bradford ($163,800) and 168开奖官方开奖网站查询:Nicole Eisenman ($44,100) auctioned to support Planned Parenthood of Greater New York; Keith Haring’s monumental Mural for The Mount Sinai Hospital, New York, sold for nearly $1 million to benefit The Mount Sinai Hospital, New York; and several works sold to benefit The Whitꦜney Museum of American Art and The Solomon R. Guggenheim Museum. This year, Sotheby’s has now raised about $400 million for charity through its a෴uctions.
![View 1 of Lot 114: White Disaster [White Car Crash 19 Times]](http://laitexier.com.brightspotcdn.com/dims4/default/e455da9/2147483647/strip/true/crop/5788x7817+0+0/resize/278x376!/quality/90/?url=https%3A%2F%2Fsothebys-md.brightspotcdn.com%2F55%2F5d%2Fc2cc6e514132ba30657ee377bdcb%2Fwarhol.jpg)
